What’s more, Mr.Brown’s and the other top 19 world leader have agreed “not 100 billion but $250 billion of trade finance…provided over the next 2 years through export credit agencies, including $50bn through the new World Bank initiatives…”
April 3rd, 2009 | Adrian Ash | 3 comments | ContinuedAll Posts Tagged With: "g20"
The Dollar’s Last Days
Last week, a decimal point seemed to move to the left. A UN advisory panel had suggested that maybe it was time to figure it out a better way to run the world’s monetary system. Better, that is, than using the U.S. dollar as the reference currency for the whole world.
March 31st, 2009 | Bill Bonner | 6 comments | Continued
Australia Will be Affected By China’s Export Shrinkage
The major economic news released yesterday is at odds with the way the market behaved. We’re talking about the news from China that exports dropped 25.7% in February. Imports were down 24.1%. If China makes and the world takes, China is making less because the world is taking less. And of course, China takes from Australia to make for the rest of the world….
March 12th, 2009 | Dan Denning | 0 comments | Continued
Exodus In Waiting
The deadline for many investors to get their money back from hedge funds by the end of the year passed this weekend. Now we’ll see what happens. Will stocks stop falling now that funds have finished selling to meet redemptions? Keep in mind that hedge fund assets doubled over the last three years to around US$1.7 trillion today.
November 17th, 2008 | Dan Denning | 0 comments | Continued
