It’s bizzaro world in the Aussie market today. Financial shares got a boost from a merger bid. The Prime Minister moves down the track toward price controls to bring local petrol down during a global oil crunch. And the RBA says only “risky borrowers” are facing tighter credit conditions these days.
April 16th, 2008 | Dan Denning | 8 comments | ContinuedAll Posts Tagged With: "financial sector"
No Great Depression but Still Plenty of Depressing Financial Statistics
There ain’t no Great Depression. But that doesn’t mean that there aren’t a great many depressing financial statistics…and a great many financial decisions in need of correction…and a great number of people who will wish they had done things differently. But yesterday, stock market investors seemed to think the worst that could be seen had been seen; it was time to bid up stocks again.
April 3rd, 2008 | Bill Bonner | 4 comments | Continued
