News just in, Europe leaders have just agreed to also follow Australia’s lead and guarantee new bank debt and once again, use taxpayers money to ensure that distressed lenders can remain profitable. Clearly, they had to do something to ensure that Europe markets remain sound and that the entire world does not slip into a [...]

The global financial system is on the brink of a meltdown and additional steps must be taken immediately by the richest nations to calm jittery bankers and investors, the International Monetary Fund warns. The IMF’s chief Economist has predicted that world stocks could slump another 20% before finally stabilising on if the worlds richest nations [...]

World authorities are starting to think along the same lines in order to stem the chaotic scenes that we are all witnessing as a fall out of the global economic crisis. It’s clear that world financial markets are far too interconnected now for there to be any sort of singular country response that is going [...]

With all the emails yesterday about the Lehman Brothers collapse, the acquisition of Merrill Lynch by the Bank of America and the US Federal Reverse and Treasury’s overnight emergency resuscitation of the American International Group (AIG) with an $85 Billion USD breath of air - I thought I would put up a post about some of the [...]

I have been in discussion with a lot of people today about the potential fall out from the Lehman Brothers spectacular bankruptcy filing in New York. The Dow Jones fell 504 points overnight and the ASX is now down substantially for the day - approximately 120 points when I last checked. With all the other [...]