Markets everywhere have taken massive losses overnight. Here’s a guide who lost what, and what the pundits think about it. Compiled by Glenn Dyer and Thomas Hunter.
World markets
Doom and gloom takes risk aversion to a new level
The phrase “risk aversion” no longer adequately covers the growing level of tension and concern on world markets, writes Glenn Dyer.
Big bank disclosure needed to keep confidence intact
Faced with a threat to market confidence and a credit freeze, you’d think the banks would be rushing to be as upfront as possible. But no…
Round and round the subprime mess goes, where it stops, nobody knows
Another tough day on world markets. The biggest worry is the $US1,500 billion global asset-backed commercial paper markets, where there was evidence yesterday of an impact in countries previously unaffected, writes Glenn Dyer.
Howard in Iraq — the screenplay
Scene: A secure office somewhere in Baghdad. Iraqi Prime Minister Nouri al-Maliki is seated behind a desk checking the latest casualty figures. There is a knock at the door…
The word from Turd Blossom: Karl Rove’s tips for winners
Sure, after years of being lauded as a political genius, Rove leaves his party in worse shape than he found it, but much can still be learned from the master of the wedge, writes Sophie Black. Crikey has prepared a slim handbook for Rudd and Howard.
Coles should have sold when they had the chance
Having rejected the KKR $15.50 bid for Coles last October, Chairman Rick Allert finds himself with a huge problem. Retail commentator Rob Lake reports.
