Just when many are thinking is it safe to go back in the water, a timely wake up call. "The credit crunch is far from over and is likely to hit sectors other than housing, Marc Faber, Editor and Publisher of “The Gloom, Boom & Doom Report” ... Join discussion...

Mish puts a fairly complete discussion on his views of this situation here. Hopefully if Australia faces this in the future such like views will be well considered. I liked this: “Who am I to suggest what Congress should do? I am nobody. However, this nobody and a bunch of fellow nobody bloggers and bunch of nobody fund managers who I respect all saw this all coming 3-4 years ago. Paulson did not, Bernanke did not, and almost everyone in Congress did not. Join discussion...

Make no mistake about this. This financial crisis is unsurpassed in seriousness. Join discussion...

PROFITS for the nation's banks will be hit this year and into 2009 as loan growth slows and impaired assets and funding costs rise, ratings agency Fitch says. The agency also predicts in its semi-annual review that industry consolidation will continue, although it will mainly feature smaller lenders because the bigger deals have "stumbling blocks", including the Four Pillars ban on major bank mergers. Join discussion...

YOU beauty. Interest rates have been cut and happy days are here again. For good measure, we've even got petrol prices coming down. Sorry, don't be too sure about that. The Reserve Bank has cut its official interest rate only because times are getting tougher. Join discussion...

THE property market continues to struggle with high interest rates and a slowing economy, with new home sales falling in July, a survey has found. Join discussion...

In the August 25 issue of DailyWealth, contributing editor Tom Dyson talked about his recent meeting with legendary investor Jim Rogers, and what the CEO of Rogers Holdings had to say about the investment potential of a number of Asian countries. Join discussion...

Looks like Britains latest tax - intended to stop people harding vacant buildings - has back-fired. Perhaps they should've led with a carrot, instead of using the stick... Join discussion...

Zimbabwe's official annual inflation rate soared to 11.2 million percent in June, state media reported on Tuesday. But independent observers say it could be much higher - with one saying the inflation rate for August could be as high as 600 million per cent. Join discussion...

Read with a grain of salt- the opening paragraph is this: "Over the weekend I found myself briefly in the company of a person with an intimate knowledge of the concerns and agenda of the top level of the Chinese Government. While I can’t name the person I was talking to, there are few people outside China who are closer to the Chinese leadership." Join discussion...