Stock action on Wall Street was mostly directionless. Stocks have opened lower here in Australia. But all the juicy action is in the bond market, where the Fed is getting its hands dirty again. You wouldn’t think the Fed would have to come in and support bond prices with investors wringing their hands about global growth. But the numbers tell another story.
July 7th, 2009 | Dan Denning | 4 comments | ContinuedAll Posts Tagged With: "credit suisse"
Aussie House Prices Face “Perfect Storm”
“The Australian housing market is facing the prospect of a ‘perfect storm’ of financial pressures, including high mortgage debt, overvalued homes and rising unemployment, which could see prices eventually fall by as much as 30 per cent, investors have been warned,” reads a story in today’s Age.
March 18th, 2009 | Dan Denning | 43 comments | Continued
Wounded Wolves on the Financial Prairie
I said out loud to the family, “This is interesting news! Bloomberg.com says, ‘The U.S. government’s borrowing needs will almost double to $2 trillion this fiscal year, prompting the Treasury to revive three-year notes and hold more frequent sales of 10- and 30-year debt, according to Goldman Sachs Group Inc.’”
November 11th, 2008 | Mogambo Guru | 1 comment | Continued