NEWSFLASH! In September I will join The Conversation as its Business and Economy Editor. I have been honoured to work at The Age for the past ten years, originally alongside the legendry Tim Colebatch, and for the past four years as economics editor in my own right.

At The Conversation, my job will be to make the best thinking from Australia's 40 univerisites accessible to the widest possible audience. That means you. From the new year I will also write a weekly column.

On this site are most of the important things I have written for Fairfax and the ABC over the past few decades. I recommend the Search function. The site is a record for you, as well as me.

I'll continue to post great things from The Conversation and other places here, and also on Twitter and Facebook. Enjoy.

Monday, September 22, 2008

Latest rescue thoughts

How it came to this - David Warsh, Economic Principals

"The 25-year Reagan boom didn’t have to end this way. George W. Bush is likely to go into history as the $2 trillion man – $1 trillion for the war in Iraq and its trail of claims, another $1 trillion for the sub-prime bailout."

The rescue might make money - Stephen Bartholomeusz, Business Spectator

"If the plan were executed cleverly, however, it could also see the creation of the biggest vulture fund in history and the US taxpayer might even profit greatly from it."

Maybe things aren't that bad for the banks - John Berlau, Wall Street Journal

"The latest mortgage delinquency rate is just 6.4% -- historically high, but not anywhere close to the mortgage default rate of over 40% in the depths of the Great Depression."