Obama is beginning to realize what he’s up against. This is no ordinary cyclical downturn. Typically, a slump brings interest rates down. (Usually accompanied by central bank rate cuts.) Cheaper borrowing arouses business and speculative activity… which, in turn, tends to get the economy moving again.
November 11th, 2008 | Byron King | 2 comments | Continued Our DR Global Editions: 
Thursday, March 18th, 2010
-
-
The Markets
All Ordinaries 4877.70 +10.80
S&p/asx 200 4863.10 +9.90
Sse Composite Ind 3046.09 -4.39
Gold Mar 10 1124.00 +0.00
Crude Oil Apr 10 82.43 -0.50
Nikkei 225 10744.03 -102.95
DJIA 10733.67 +47.69
S&P 500 1166.21 +0.00
Ftse 100 5648.28 +3.65
2010-03-18 01:36 Most Comments
- Majority of Australians Believe House Prices Will Rise in Next Twelve Months (292)
- A Date for an Aussie House Price Collapse (251)
- Australian Housing More Unaffordable in 2010 (199)
- Australian House Prices Are Severely and Seriously Unaffordable (184)
- Tell Us What Questions You Want Answered in the DR (173)
Search
Archives
-
Recent Comments
-
Dan: "We've thought about it and we think the best answer is to retire now."
Probably very few here are well-placed ...
Biker Pete | 18Mar10 | More -
The key question is when and there may be earlier triggers than China.
The focus of the CCP will ...
Coffee Addict | 18Mar10 | More -
Clearly our 'One-Star-Fairy' _also_ believes the Brits have have abandoned Sterling for the Euro... . :)
Biker Pete | 18Mar10 | More -
I think you have the point their Ross, in your final sentence. Fed buys the bad loans from the banks, ...
Sambo | 18Mar10 | More -
All 7 responses above have merit for mine. On sovereign debt, the sound of the alarm bell is most ...
Ross | 18Mar10 | More -
From [B]usiness [S]pectator today;
Housing shortage set to accelerate: HIA
 Industry body calls for urgent government response to stem looming crisis.
Are the ...
Justin | 18Mar10 | More -
That is as good a hypothesis to explain Norris's swagger on his return from NY, and the drop of the ...
Ross | 18Mar10 | More -
prozack,
so zimbabwae have not defaulted - thats ok then?
The fact is that the economy and the nation have ...
dan | 18Mar10 | More -
Joel Bowman (DRUS): "But what say the Greeks...and the Portuguese...the Spaniards...Britons...Italians and, indeed, all the other nations signatory to the ...
Biker Pete | 18Mar10 | More -
Within the tribe those rules applied, Peter, but our indigenous people often raided each others' camps for gain, including taking ...
John | 18Mar10 | More
-
Dan: "We've thought about it and we think the best answer is to retire now."
Probably very few here are well-placed ...
© Copyright The Daily Reckoning Australia & Port Phillip Publishing Pty LTD 2010 All rights reserved.
Port Phillip Publishing Pty Ltd holds an Australian Financial Services License: 323 988. View our Financial Services Guide.
ACN: 117 765 009 ABN: 33 117 765 009
Port Phillip Publishing
Attn: Daily Reckoning Australia
PO Box 899
Braeside
VIC 3195
Tel: 1300 667 481
Fax: (03) 9558 2219