Category Archives: Debt ceiling

Euro the next job

Posted on August 10, 2011 by

So with global markets up this morning, the immediate crisis is over and the markets will probably recover most of the ground lost, in the next weeks. That leaves one major global problem to be sorted before we can relax: … Continue reading →

Posted in Australian economy, Debt ceiling, Europe, Greece, Interest rates, Real estate and economics, USA, World economics | Leave a comment

Economic turmoil and its effect on Australia

Posted on August 9, 2011 by

You will be well aware of the global carnage in the share markets etc by now and I don’t need a reprise of it here, except to note that we are back into fear and panic mode, with a bear … Continue reading →

Posted in Australian economy, Australian real estate, Debt ceiling, Europe, Greece, Home loans, Housing, Real estate and economics, Reserve Bank, Residential house prices, USA, World economics | Leave a comment

Crisis as usual? Maybe not.

Posted on August 5, 2011 by

In a blog that is supposed to concentrate on real estate, you might ask why I get to write so much about economics and markets. The reason is that, when major things happen, they affect the very people funds and … Continue reading →

Posted in Australian economy, Australian real estate, Debt ceiling, Home loans, Housing, Interest rates, Real estate and economics, Reserve Bank, USA, World economics | Leave a comment

US debt deal “done”

Posted on August 1, 2011 by

Monday morning Australian time, the US announced that a deal had been clinched to get this debt ceiling fight over with, or at least, the party leaders of both houses have agreed a deal but it has yet to be … Continue reading →

Posted in Australian economy, Australian real estate, Debt ceiling, Europe, Real estate and economics, Residential house prices, USA, World economics | Leave a comment

Back to 2008, banks could freeze up, says Telegraph

Posted on July 29, 2011 by

“Default would be an act of collective insanity,” said Willem Buiter, Cititgroup’s chief economist. “It is hard to imagine money market funds operating under this scenario. The inter-bank market would freeze up. The fallout would be far worse than after … Continue reading →

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“Most crucial weekend in history” coming up

Posted on July 29, 2011 by

A nail biting weekend as all eyes watch the US… “AUSTRALIAN shares have hit a near 11-month low as investors head into what has been labelled possibly the most crucial weekend in history for financial markets. Negotiations will continue in … Continue reading →

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Armageddon? No, just crisis as usual

Posted on July 20, 2011 by

It’s always the way, isn’t it? Just when things are starting to look steady for Australia, with reasonable growth and now a prospect of steady or declining interest rates, a global cyclone threatens in the financial markets. This week contains … Continue reading →

Posted in Australian economy, Australian real estate, Debt ceiling, Europe, Greece, Real estate and economics, Reserve Bank, USA, World economics | 1 Comment