Well well well. Not even a bonus rate cut of 100 basis points could cheer the All Ords up yesterday. There was red in nearly every sector of the market. Stocks rallied on Wall Street overnight. The futures are up 70 points ahead of the market opening. Looks like more green here in Australia. The RBA wouldn’t have been that fussed about the action in the stock market yesterday…
December 3rd, 2008 | Dan Denning | 3 comments | ContinuedAll Posts Tagged With: "bank"
Consumer Spending Falls Hard As Consumers Guard Their Wallets
As predicted in this space, many times, consumer spending is falling hard. But what else could it do? Read on…
November 3rd, 2008 | Bill Bonner | 7 comments | ContinuedRBA Rate Cut Does Little to Unlock Credit Market
“Rally to me,” said Glenn Stevens. And investors did. The RBA rate cut WAS a full percentage point as we speculated yesterday. And it certainly did make a splash. Economists loved it. The critics praised it. And investors “huzzahed” the ASX 200 up nearly two percent on a day when the rest of the globe quaked in fear. What has changed? The bank has shifted from being worried about inflation to being worried about recession. A credit crunch?
October 8th, 2008 | Dan Denning | 4 comments | Continued
Caught in the Middle with Nowhere to Go: The Battle Between Inflation and Deflation
Caught in the crossfire between the forces of inflation and the armies of deflation, stocks have been immobilized. They “should” go down…but they are getting mixed signals. Deflation forces them to keep their heads down. But inflation prevents them from retreating.
February 21st, 2008 | Bill Bonner | 1 comment | Continued
