Your Account
Community
Subscription
Topics (Upcoming)
More |
View story
Secret summit of top bankers
http://www.news.com.au/business/secret-summit-of-top-bankers...
Submitted by
PeteD
1 month, 4 days, 20 hours ago"THE world's top central bankers began arriving in Australia yesterday as renewed fears about the strength of the global economic recovery gripped world share markets." - Sovereign debt fears - stuff CIJ and Marc Faber have been mentioning for a long time now - are becoming reality.
#1 - By cij, 1 month, 4 days, 12 hours ago.
They planned to meet this year. Perhaps the recent market events brought forward the meeting?
#2 - By PeteD, 1 month, 4 days, 10 hours ago.
I reckon so.
In bubblepedia, someone mentioned that they had a 'friend' that worked for CBA that said they were going to raise their rates by 0.5% on Monday. That is 4th-hand information now, so I wouldn't take it as trustworthy at all, but it will be interesting to see if something like that does happen. Banks lifting rates independently of the RBA...once they start, the RBA will have a lot less perceived power. |
