Are ETFs The New CDOs?

By Greg Peel On May 6, 2010, Wall Street was trading in fear as the European sovereign debt crisis accelerated and by mid afternoon the Dow was down 350 points. Then suddenly, within a blink, the Dow was down 1000 points. Almost as quickly, the tape returned to being only 350 points down. It was not a publication error. It was real. The event, which has since become known as the Flash Crash, has been blamed as a major reason why volumes on Wall Street dropped so significantly... Read More

Australian banks: The battle at the margin

By Greg Peel If you’d been listening to ABC Radio earlier in the week, you would have been hit with the news-leading headline of “Bank analyst warns of housing bubble”. In typical news headline form, this was the one comment jumped on following a more extensive interview with said bank analyst on the wider subject of the prospects for the Australian banking industry and its shareholders in general in the post-GFC world. The interview, as aired on ABC’s World Today program,... Read More