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The US treasury market reaches breaking point

The US treasury market reaches breaking point

The structural issue that could cause the world's market of last resort to grind to a halt

Bank deleveraging has barely started

Bank deleveraging has barely started

Banks lending money to governments to help fund bank bailouts looks horribly circular

Wednesday, September 3, 2008

Malaysia's 2009 budget seen to affect fiscal consolidation.





Malaysia's 2009 budget seen to affect fiscal consolidation. According to the Business Times , Fitch Ratings analyst Ai Ling Ngiam stated recently that Malaysia's 2009 budget plan was disappointing since it was expansionary and would reverse four years of fiscal consolidation. The budget, which was announced last Friday, proposes to reduce personal income tax, increase pensions and increase spending on food security and rural infrastructure. Standard & Poor's (S&P) said that it would study the medium-term implications of the budget and said that if such budgets were repeated, fiscal consolidation would suffer. Rating agency Moody's said that while the fiscal slippage was sizeable, there was no immediate threat of a ratings downgrade.







I’ve reluctantly discarded the notion of my continuing to manage the portfolio after my death – abandoning my hope to give new meaning to the term ‘thinking outside the box

The 84-year old Warren Buffett announces in February’s annual letter to Berkshire Hathaway shareholders that he has identified to the board four potential candidates who could take over from him

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