Tag Archives: global credit crisis
WHERE ARE RATES HEADING?
Posted on 02. Dec, 2009 by Anthony.
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A quick Mid week report, especially after yesterday’s developments.. It seems while almost everyone was expecting Aussie interest rates to climb by another 25 basis points to 3.75%, no one was expecting Westpac bank to raise rates greater than the reserve bank and again a huge surprise by the amount too at 0.45%. This will [...]
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Global Credit Crisis – The Root of the Problem
Posted on 23. Apr, 2009 by Global.
Most of us realise the global credit crisis began with the U.S sub-prime mortgage dilemma, but how many of us know exactly how and why we got into this mess in the first place? Well if we go back about 80 years… After the 1930’s depression and the major banking collapse that resulted, a legislation known as [...]
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