Daily FNArena News - FYI

While the ink’s not dry and no one has signed anything yet, the latest news from Washington is that a plan has been agreed upon and is now being drafted.

Where is the US dollar going? Standard Chartered thinks that it all comes down to your investment timeframe.

With the market bailout expected to cost up to US$1 trillion, the US’ huge budget deficit is set to get a lot worse, which should be bad news for the US dollar.

An extra edition of your editor’s musings as developments go swift and rapidly in international financial markets.

The Reserve Bank of New Zealand could make it back to back 0.5% interest rate cuts when it meets in October, says TD Securities.

It will involve maybe a US$1 trillion or more. The details are still being decided upon. It is hoped the plan can be rushed through Congress. Will it work?

Weekly musings by your editor. The dangers and perils of using stockbroker research reports as a tool for investment decisions.

The finer points of the Wall St rescue plan are still being worked out, but one thing we know is that the US governments wants US$700bn for a start.

The US Securities & Exchange Commission has announced it intends to ban all short selling on Wall Street for a period, subject to requisite approval.

The Economist’s Intelligence Unit expects the financial crisis to produce a US recession and weaker global growth with corporate collapses increasing.