THE property market continues to struggle with high interest rates and a slowing economy, with new home sales falling in July, a survey has found. Continue reading
Rates put the bite on new home sales – Daily Telegraph 29-8-08
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Monthly Archives: August 2008
More bad credit crunch news from banks likely – The Australian 28-8-08
AUSTRALIAN banks will struggle to maintain their current dividend yield, as the institutions’ balance sheets contract as a result of the global credit crunch. Continue reading
Profits may be pushing onwards, but all the signs show stormy seas ahead – The Age 28-8-08
THE tail of the profit season continues to underline the Australian economy’s dependence on a commodities boom that is losing momentum. Continue reading
Job losses on the rise: Economists – The Age 28-8-08
EVERY economic slowdown leads to job losses, but the recent spate of staff cutbacks is showing the impact of structural as well as cyclical factors, economists say. Continue reading
That’s it for the economic dream run – SMH 28-8-08
THE Australian economy may be on course to record its first quarter of negative growth since 2000, with new figures showing a surprise contraction in construction activity. Continue reading
Inflation hits working families the hardest – ABS – SMH 28-8-08
INFLATION is hitting the hip pockets of working families harder than any other group, new figures show. Continue reading
Victorian economy to ‘go into a recession’ with more job cuts expected – The Age 27-8-08
Thousands of recent Victorian job cuts are just the beginning with the state’s economy headed for recession, according to an economist. Continue reading
Mr Bean warns of more havoc – The Age 27-8-08
IF EVER you doubted there was terror in global financial markets, Bank of England deputy governor Charlie Bean has fixed that. Continue reading
More US Banks at risk of financial collapse – Wall Street Journal 27-8-08
FEDERAL regulators have increased the number of struggling banks they have effectively put on probation, forcing them to fix their problems and try to avoid potentially costly failures. Continue reading
More car industry job losses – The Australian 27-8-08
CAR axle component supplier Unidrive has announced it will sack 40 workers, due to the downturn experienced by major car manufacturers. Continue reading
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