US in recession http://www.businessspectator.com.au/bs.nsf/Ar... I'm calling it. The US recession began in Q4 2007. Q4 advance GDP was only 0.6 per cent on an annualised basis ( 0.15 per cent quarter-on-quarter), and revisions already implied by the factory orders report (out Monday) implied that this was cut to 0.3 per cent (or about 0.075 per cent quarter-on-quarter).
Financial Times joins Business Spectator's comprehensive commentary line-up http://www.businessspectator.com.au/bs.nsf/Ar... With the addition of the Financial Times, Business Spectator now has by far the best business commentary line-up in Australia. In addition to the three most experienced business commentators in the nation - Alan Kohler, Robert Gottliebsen and Stephen Bartholomeusz - we now have Australian rights to three of the best from around the world: the FT, Dow Jones and Breaking Views, the commentary service founded by Hugo Dixon, former Lex columnist for the Financial Times.
Citi of lost souls http://www.businessspectator.com.au/bs.nsf/Ar... When Citigroup announced on November 4 that its sub-prime write-downs would be between $US8 and $US11 billion, someone obviously messed up the numbers in the press release.
Red wine could be good for your heart http://www.businessspectator.com.au/bs.nsf/Ar... Adding to evidence that a little wine can do a heart good, a new study suggests that women who drink moderate amounts may have less inflammation in their blood vessels.
