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| | | Yeouch! You can hear this cry from New York to Rio and old London town as financial markets received a battering. Somebody must have forgotten to tell the markets it's only August and not October. Equity markets, commodity markets and bond yields (bond ... |
| | | | It could have easily been another down day on Wall Street overnight - but it wasn't. The Street's three major equity indices finished above the zero line while we slept, despite more stats giving credence to 'the US is heading for another recession' ... |
| | | | "So when you're near me, darling can't you hear me S. O. S. The love you gave me, nothing else can save me S. O. S. When you're gone How can I even try to go on? When you're gone Though I try how can I carry on?" - ABBA Now you believe me? The US bond ... |
| | | | Will it or won't it? No, I'm not talking about the deal on Washington, 'no mas' -- I'm so over it. Although there are still a few that won't take my word for it - they still refuse to believe until they see the deal bill inked. There's also an equal ... |
| | | | Deal! This single word was music to the ears of investors everywhere. After weeks of restless anxiety, it came to pass - the powers-that-are in Washington agreed to raise the nation's US$14,300,000,000,000 debt ceiling. True to script the negotiations ... |
| | | | "Increasing America's overdraft beyond $14.3 trillion should have been relatively simple." Not my words ladies and gents, but that of the revered "The Economist" magazine. Simple and yet, here we all are, still watching on the edge of our seats, still ... |
| | | | Sorry folks, no matter how sick you and I already are of watching Washington's game of chicken, it remains the main game in town. If you believe the headlines, Wall Street dropped big time last night because the players are still waiting for the other ... |
| | | | What's the final deal going to be? Will they, won't they? Sorry Virginia, not talking about the grand theatrics that is the US debt ceiling negotiations this time. Today, I refer these questions to our very own Reserve Bank of the Advance Australia ... |
| | | | Chicken Little's back! It's back telling everyone who cares to listen that "the sky is falling". Chicken Little knows. "I saw it with my eyes, I heard it with my ears, and a bit of it fell on my head" (The Sky is Falling) as it watched the Democrats ... |
| | | | What a drama 'ey? You know what I'm talking about. The drama that is the 'off-again-on-again' deal on the US debt ceiling and the 'it'll be bailed, no it won't' Greek tragedy. Yes, those ones. The ones that sent risk assets up, then down, then up again ... |
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