There’s just one full week left in the financial year. And what an awful year it’s been! The All Ordinaries index is down just over 14% for the year. It’s the worst showing for the benchmark since 1982. But when you thin-slice the performance, you find something interesting. Specifically, you find local evidence of the global battle between the forces of commodity inflation and asset deflation. The big Aussie banks are down by nearly 30% for the financial year. Meanwhile, the big resource stocks are up 24%.
June 23rd, 2008 | Dan Denning | 2 comments | Continued Our DR Global Editions: 
Friday, December 05th, 2008
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The Markets
All Ordinaries Id 3459.20 -8.90
S & P/asx 200 3524.60 -7.80
Nzx 50 Index Gros 2735.22 +4.54
DJIA 8376.24 -215.45
NASDAQ 1445.56 -46.82
S&P 500 845.22 -25.52
Ftse 100 4163.61 -6.35
2008-12-05 19:44 Most Comments
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At this point, who gives a s---. They've messed up everything. if money destroys itself, people will still ...
Mireille | 5Dec08 | More -
"There is no shame in going bankrupt. There is only shame in being owed money by a bankrupt": ...
Coffee Addict | 4Dec08 | More -
Chris (if you read this) T.Boone's book may make an interesting Christmas pressie. Clearly, LNG and LPG will ...
Coffee Addict | 4Dec08 | More -
Well, first we have to realise that the boom cycle is very long, eg the last one in US lasted ...
Kanwaldeep | 4Dec08 | More -
From everything I understand Hal gold has been artificially devalued and the final control mechanism to be used will be ...
Drew | 4Dec08 | More -
Don't hold back now,say what you really think.
Dennis | 4Dec08 | More -
Nothing to get too worked up about regarding commercial real estate. I suspect the "bears" will drag out the usual ...
Greg Atkinson | 4Dec08 | More -
So now these sick bastards are buying their own bonds to force down the yields. No wonder the Chinese Sovereign ...
GaryB | 4Dec08 | More -
The cause of all of this in one short phrase:
A corrupt legal system.
Jon Bain | 4Dec08 | More -
Maybe investment in shares in the companies that make the ink and paper and of course the spares, for the ...
Charles Norville | 4Dec08 | More
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At this point, who gives a s---. They've messed up everything. if money destroys itself, people will still ...
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