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Financial 'crisis'

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OFFLINE   PZ. #121

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Posted 18 February 2009 - 08:59 PM

Key indicators 'point to recession this year

QUOTE (abconline)
Negative economic data keeps coming thick and fast, with key indicators pointing towards a recession in Australia this year.

ANZ's chief economist, Saul Eslake, says the Federal Government is too focused on avoiding consecutive quarters of negative GDP growth, known as a "technical recession".

Mr Eslake says he expects the jobless rate to rise by 1.5 percentage points this year and then increase again next year.

Full article:

Kinda sux a bit - just when I was getting ready to chuck money into my super scared.gif scared.gif scared.gif

OFFLINE   PZ. #122

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Posted 11 March 2009 - 08:28 AM

Disgraced financier Madoff faces 150 years' jail

QUOTE (www.abc.net.au/news/stories)
Disgraced Wall Street financier Bernard Madoff, the accused mastermind of a $US50 billion ($77 billion) financial fraud, is expected to plead guilty on Thursday to 11 criminal charges that could put him in jail for the rest of his life.

The prosecutor has told US District Judge Denny Chin at a hearing that Madoff could face up to 150 years in prison under federal sentencing guidelines.

The judge said he would sentence Madoff in several months in the event of a guilty plea.

He has been charged with securities fraud, mail fraud, wire fraud, three counts of money laundering, false statements and perjury among other charges.

only 150 years??

*meh*..... He'll be out in 75 embarrassed.gif

OFFLINE   Moe #123

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Posted 11 March 2009 - 10:22 AM

Unless of course he gets concurrent sentences and that ends up at something like 10 years.

OFFLINE   newtaste #124

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Posted 17 March 2009 - 11:07 PM

Corporate activist Stephen Mayne has compiled a list of the investments the Chinese, Singapore and various Middle East governments have in Australia. They own more than I thought. Will the financial crisis give them an opportunity to buy more?

Foreign government investments in Australia

OFFLINE   PZ. #125

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Posted 28 April 2009 - 11:12 AM

Wayne Swan says economic recovery will be swift despite gloomy IMF forecasts

QUOTE (www.news.com.au)
TREASURER Wayne Swan says Australia's recovery will be faster than international forecasts predict.

He's rejected suggestions by the International Monetary Fund (IMF) that recovery will be slow.

"No, absolutely not,'' he said today.
"We are in extraordinary times. We are in the middle of global recession. The forecasts do need to reflect that.''

Mr Swan reportedly has told state treasurers his recovery scenario in the budget would have the economy bouncing back to above-average growth rates, close to 4 per cent, at the end of the recession.

Yep, and pigs with flu will fly sky high hyper.gif

OFFLINE   PZ. #126

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Posted 07 May 2010 - 11:34 AM

Thought I'd bump this for an ear (easy access reasons)

Market follows Wall St plunge

Anyone here been watching their super of late? :stirthepot: