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Our 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.
Read MoreCorporates: Downgrades
Negative reactions were the order of the day to yesterday’s flood of downgrades or other news. A near 6% drop in the market, after Wall Street’s lurch set the tone.
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