Yesterday didn’t turn out so bad after all on the ASX. Stocks finished slightly up, as did the Aussie dollar and oil. Today might be a different story, though. For starters, billionaire investor/guru/jovial-grandfatherly-figure Warren Buffett has said the American economy is a “shambles.” Buffett told CNBC that the worst of the financial crisis peaked late last year (we’re not so sure). But the economic crisis? That’s still in full flight…
June 25th, 2009 | Dan Denning | 3 comments | ContinuedAll Posts Tagged With: "aussie dollar"
Economy Free to Recover?
Happy days are here again. It’s like someone turned back the clock to 2007. You’re a crank and a nutjob if you think there are serious problems in the financial system. Don’t you know this is the recovery you moron!
A report on U.S. payrolls showed that the American economy shed around 491,000 jobs last month. This was less than expected by forecasters and the least amount of jobs lost in the U.S.
May 7th, 2009 | Dan Denning | 34 comments | Continued
Perhaps This Recession Will Be One for the Ages After All
In today’s Daily Reckoning, we’ll review the contradictory claims. We’ll also tell you what Alan Greenspan whispered in our ear the other night about gold, inflation, and the bond market. And we’ll ask more stupid questions about government.
April 16th, 2009 | Dan Denning | 13 comments | Continued
The Economic Illiterati
The “Australian economy has not experienced the sort of large contraction seen elsewhere,” wrote RBA Governor Glenn Stevens in the note that went out with the announcement. “The Australian financial system remains strong and the monetary policy transmission process is working to deliver large reductions in interest rates to end borrowers.”
March 4th, 2009 | Dan Denning | 9 comments | Continued
The Aussie Dollar as a Measure of Global Risk Appetite
Has the Aussie dollar finished crashing? Its plunge is a direct consequence of the global aversion to risk as credit markets implode and governments scramble to hold the system together. So what is the Aussie telling is about the current global appetite for riskier assets? Well first, you already know the Aussie Dollar has plunged against the US Dollar since mid-July. But you might be surprised to know it-s also declined against all the other currencies of the G10…
October 15th, 2008 | Gabriel Andre | 1 comment | Continued
