Bonds/Interest Rates

Dr Steve Keen reiterates his view that the RBA’s anti-inflation stance only exacerbates the real problem in Australia.

The accounting changes announcement that spooked the market yesterday is not so much of a problem. Mortgage security downgrades might be, however.

Australia’s trade deficit narrowed in December but economists don’t expect the trend to last and see the outcome as having no impact on the RBA with respect to interest rates.

A win by the Giants was meant to signal a bullish 2008. But instead the Dow fell 100 points.

The January reading for the TD Securities-Melbourne Institute Monthly Inflation Gauge will further pressure the RBA to lift interest rates.

The RBA will announce a rate rise on Tuesday, while Europe and the UK have rate decisions to make as well.

An extraordinarily bold bid for Yahoo! by Microsoft swamped what was otherwise a night of economic confusion.

ANZ economists are not predicting a deep US recession, nor do they see any major problems for Australia.

The Dow opened down but closed up – a mere 452 point rally ensuing in the middle. It was all to do with bond insurance.

The market asked and the Fed delivered another 50 basis points in the wake of an ugly fourth quarter GDP.