Finally, Australia gets its own $700 billion plan. Kevin Rudd’s government moved yesterday to slap a Federal guarantee on all deposits with banks, credit unions, and building societies. The $700 billion guarantee includes Australian subsidiaries of foreign owned banks. The government wants people to understand their money is safe in the banks. That’s why that last bit is in there. It’s designed to keep foreign holders of Aussie dollars from engaging in a run on the dollar and bringing their money home.
October 13th, 2008 | Dan Denning | 1 comment | Continued Our DR Global Editions: 
Sunday, March 21st, 2010
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2010-03-19 01:38 Most Comments
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- 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)
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If it truly is Armageddon, Maslow's hierarchy gives us a few clues. ;)
If it's a mere correction, the two ...
Biker Pete | 21Mar10 | More -
SV - so when one door closes another one opens?
so its just a matter of working out what will grow ...
GB | 21Mar10 | More -
Some great points made here. Any crash will present opportunities, as the last correction amply demonstrated.
My own query relates to ...
Biker Pete | 21Mar10 | More -
Dan D: "What can I do to protect myself against a crash in China?"
My question: why should I?
Apart from short-term ...
SV | 21Mar10 | More -
There are four forces working against China's export orientated economy at the moment
1. The factories in coastal cities are having ...
GB | 21Mar10 | More -
"Yes it will have some dire consequences for our children, unless they are handed down a house - and it ...
Biker Pete | 21Mar10 | More -
I cannot help but think that house prices are being gloablised, and as a result they show price characteristics similar ...
nick | 21Mar10 | More -
second paragraph, second line, first semicolon......
kaboom !
goodness gracious, nothing but a couple of warm beers left to put me to ...
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Shoes: "I think stocks will be fine because I have them" "I think property will be fine because that's what ...
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Shoes: "I think we will have a correction and then we will get better..."
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If it truly is Armageddon, Maslow's hierarchy gives us a few clues. ;)
If it's a mere correction, the two ...
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