Again, in simple terms, this is telling us that those dealing in the money market across the globe have in recent days being feverishly buying government bonds.It makes sense too because these investments are backed by the government that issues them.A falling bond market tells you interest rates are rising to cool the heat in an economy.
A reformed regulatory regime, introduced as a direct result of that crisis, classifies the world's big investment banks as being "too big to fail", which means they're forced to hold vast amounts of cash or similarly safe reserves to survive a future financial crisis. The solution was to develop a fund, contributed to by the banking system itself, to pay out deposits.
"In seeking preliminary advice we are aware that some Australian firms have been impacted and we're working closely with our regulators as well as the tech sector to better understand the implications for the industry as the situation evolves," he said. However the past few days has pushed the share market as a whole just inches from a technical "correction", which is a peak-to-trough fall of 10 per cent or more.
‘global banking crisis deepens’. Just because other parts of the world are in banking crisis, does not mean that it applies to Australia.
Raised interest rates due to printing too much money causing inflation which put pressure on banks. Now there going to print more money to bail out the banks inturn causing more inflation which they can't raise interest anymore due to chance of banks collapsing. Conundrum.
Such a pathetic ‘analysis’. As you expected it even tries to blame Trump. This, ABC, is why fewer than 9% of Australians watch, listen to or read your nonsense. It’s time for you to go.
More scare mongering and the opposite is that inflation is going down. Most likely no more rate hikes. House sales are turning around and have hit bottom. Employment up. That’s just the start of good news.
Oh, what a surprise.
That's what you get when you put a few neo liberalism experts deciding for millions of families
All woke, all broke.
Go woke go broke…
Shame innit? Try and turn the money printer off and the whole shit show starts to crumble.
Imagine how bad it would be if the US president was corrupt and demented.
Surprised it's taken this long TBH...
But Western countries have global warming and Putin on the ropes. So at least there's that.
Years of endless government spending fueled by insane debt levels. How did anyone NOT see this coming?