Martin Weiss writes: The year 2007 is closing — and 2008 is about to open — with an epic battle between two of the most powerful economic crosscurrents we’ve seen in a lifetime:

An unprecedented credit crunch threatening to strangle the debt-addicted U.S. economy, and …
Equally unprecedented money pumping by a Federal Reserve determined to flood […]

By: Gerard_Jackson
The problem with Terry McCrann’s economic opinions is not that they are terrible but that they are largely shared by the rest of our economic commentariat. For instance, McCrann cheerfully reports that over the year to October credit for business rapidly expanded. Now he did temper his enthusiasm with the observation that the trade […]

ADELAIDE has led a housing market rebound that has seen house prices Australia-wide increase 6.6 per cent in the first half of 2007.
The 11.6 per cent price increase for the city of churches was followed by a 10.6 per cent rise for Brisbane and a 7.9 per cent increase for Melbourne.
While nationwide house prices increased […]

WHO’D have guessed it? Housing is the reason global stockmarkets are suddenly looking sickly, housing is the curse of the credit system, and it just might be the key to this year’s federal election.
In the US, the core problem behind the credit crisis dragging at Wall Street — and by implication the rest of the […]