Merrill’s Survey Shows Investors Gloomy On Recession
World stockmarkets are now pricing in a very severe recession for 2009.
Read MoreBHP Junks Rio Bid, Hunkers Down
Some were surprised, but they shouldn’t have by the decision by BHP Billiton to pull the Rio Tinto bid.
Read MoreOur Second Worst Bear Market: Recession Yes, But How Deep
Global recession is now a given. Australia is also headed for at least a mild recession.
Read MoreEcon: OK To Lift Borrowings Says RBA
Reserve Bank Governor, Glenn Stevens says the economy is going to get lower and slower before it improves, but he’s given governments the go-ahead to borrow if they are to keep the economy trundling along.
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