We’re still beavering away on the December issue of Australian Small Cap Investigator this morning. But we’ve just enough time to take a break and knock out today’s edition of Money Morning.
We were heartened by news yesterday that Standard & Poor’s (S&P) had given an AAA rating to $920 million worth of residential mortgage-backed [...]
australian banks
On our mind is the flaky and fragile Australian banking system.
Do you remember it was only a few weeks ago that the mainstream press was telling you that the major banks were winding back their reliance on the government wholesale funding guarantee?
Well, maybe they are, but they still can’t help themselves.
According to the Sydney Morning [...]
It appears your editor owes an apology to Lord Monckton of Brenchley following last Friday’s Money Morning.
As you know, we’re more than happy to admit when we get something wrong, and on this occasion we have. What did we stuff up? Well, for that you’ll have to wait until tomorrow.
Until then…
Your editor laughed [...]
THE big banks have been slow to react after the Reserve Bank cut interest rates by a larger-than-expected 0.75 percentage points yesterday. The Commonwealth Bank was the first of the major banks to move after the Reserve Bank board’s announcement yest…