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Economics

Greater fool with no shorts

BENJAMIN ONG  |  MONDAY, 22 SEP 2008
This 'once-in-a-century' event has provided us with the very tangible and expensive lesson on extreme greed and fear. The problem is that the US government has now indelibly etched into the markets' subconscious that it will always be there to play the ...

Market Wrap - Morning

AAP  |  MONDAY, 22 SEP 2008
The Australian stock market is expected to open stronger today, with Wall Street extending its rally on Friday as investors returned to the market on the back of a US Treasury plan to restore calm to the financial system.

Market Wrap - Midday

AAP  |  FRIDAY, 19 SEP 2008
Financial stocks buoyed the Australian share market at noon after a strong late-session rally on Wall Street early this morning recovered much of yesterday's losses.

Dec 2007 redux

BENJAMIN ONG  |  FRIDAY, 19 SEP 2008
The world's major central banks have launched a joint effort to address the on-going liquidity crisis and stabilise financial markets. This failed in December 2007 when the economic and financial backdrop were much better, will it succeed this time?

Market Wrap - Morning

AAP  |  FRIDAY, 19 SEP 2008
The Australian stock market has received a positive lead, with Wall Street shooting higher on reports the federal government may create an entity that will take over banks' bad debt.

Market Wrap - Midday

AAP  |  THURSDAY, 18 SEP 2008
Banking stocks dragged the Australian share market down at noon as the bailout of insurance giant American International Group (AIG) failed to calm global financial markets.

America on its knees

BENJAMIN ONG  |  THURSDAY, 18 SEP 2008
Seven years on and Osama bin Laden and other terrorist organisations have not been able to bring America to its knees - the US is capable of doing this by itself.

Market Wrap - Morning

AAP  |  THURSDAY, 18 SEP 2008
The Australian stock market has received a strong negative lead, with Wall Street indices crashing more than four per cent overnight. Oil, gold and silver rebounded as investors sought safe havens.

Moral hazard remains

BENJAMIN ONG  |  WEDNESDAY, 17 SEP 2008
Just when US policymakers are putting a stop to sticking a bandaid every time a big financial institution bleeds, they are back again ready to provide short term relief.

Market Wrap - Morning

AAP  |  WEDNESDAY, 17 SEP 2008
The Australian stock market has received a positive lead from Wall Street, despite the turmoil in the financial sector. Major US indices finished over one per cent higher, although gold, silver, oil and copper were down.