From the monthly archives:

March 2009

Quantitative easing and buying toxic debt – will it work?

March 26, 2009

This note looks at the recent ramping up of the policy response to the global financial crisis, notably the shift to quantitative easing by several central banks and the US plan to remove bad debts from US banks’ balance sheets and the securities markets. The key points are as follows:
- The move to ‘quantitative easing‘ [...]

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Share market earnings and dividends AND Australian unemployment now 5.2%

March 12, 2009

This note looks at company profits and dividends during past recessions and what that might tell us about long term trend levels for earnings and what earnings and dividends may do through the current recession. The key points are as follows:
- While company earnings likely have more downside ahead of them, the trend level of [...]

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Australia enters recession

March 5, 2009

This note looks at the latest GDP data released in Australia. The key points are as follows:
- The Australian economy finally succumbed to the global downturn in the December quarter with GDP falling 0.5%. We are now effectively in recession. In the absence of Government stimulus the fall would have been even steeper.
- The recession [...]

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