|
In a see sawing day on Wall street, US stocks finished lower for for the 5th straight day as the meltdown continues.
Mr Mortgage says that are are hopes that Australia's market will be higher on Monday on Futures trades, but that does not take into consideration people ready to jump out of the market on any rise. The real worry is tighter credit and liquidity of funds in banks, as this will affect both businesses needing finance for cash-flow, and consumers wanting to buy their products using finance.
Lower the cash rate may increase demand for finance, but if the consumer can't get mortgage home loan finance of car finance to buy a new car, where will the economy finish? That's the question that no-one can answer.
[ad#home-loans-468]
The S&P 500 fell below the 900 mark, as fears that tighter credit may send the global economy into recession slashed the appetite for risk.
The ...
Only registered users can write comments.
Please login or register. |
Latest News 
