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G7 Fails To Address The US Dollar
Oct 22 2007
The IMF is rapidly losing all sense of credibility and the G7 finance ministers failed to even mention the US dollar in their statement following last weekend’s meeting.
The Week Ahead: The Melbourne Cup Hangover?
Oct 22 2007
The RBA will meet on Cup day to decide upon what many feel will be a rate rise. The clincher will be the CPI data released on Wednesday this week.
Happy Anniversary
Oct 20 2007
On the 20th anniversary of the crash of 1987, the Dow celebrated with a 367 point fall.
Greenback Slides, Gold Surges
Oct 19 2007
Stock markets again closed little changed last night as poor employment data sent the US dollar south.
IMF Downgrades Global Growth Forecast
Oct 18 2007
The IMF has downgraded its forecast for 2008 global GDP growth, but not by much.
Housing Prices An indicator For Interest Rates?
Oct 18 2007
According to the Commonwealth Bank housing prices provide a good indicator for interest rate movements as increases mean increased wealth, which spurs consumer spending.
Arthur And Martha Come Out To Play
Oct 18 2007
There’s only one way to describe Wall Street last night – all over the shop.
Rudi On Thursday
Oct 17 2007
Weekly musings from your editor. It’s iron ore we look into this week as the market craze seems to have matured.
Wall Street Falls On Credit, Oil
Oct 17 2007
US regional bank earnings reports reflected ongoing credit market concerns last night as oil pushed ever upward.
Credit Ghosts Spook Wall Street, Oil Surges
Oct 16 2007
The Dow fell over 100 points last night as Wall Street was reminded the credit crunch hasn’t gone away. Global tensions drove oil higher.
