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Billions lost at Australian Share Markets

Do you have a Sustainability Strategy ready?

Australian share prices have plummeted since the start of 2008, driven by the exposure of local banks and financial institutions to the US credit crisis. It is becoming increasingly clear that the Australian economy as a whole is far from immune to the impact of a US recession, despite a prolonged local boom based on mining exports.

By January 19, more than $147 billion had been lost from the value of shares since the beginning of the year, with the S&P/ASX index down some 9 percent. It was the 10th consecutive fall, the longest run since September 1990. The index had fallen 15.8 percent from its peak of 6828.7 points on November 1, also marking the weakest start to a calendar year for 17 years. Since the US sub-prime collapse began in the middle of last year, the market has now fallen twice by more than 10 percent.

The latest price slide, which has been accompanied by large losses across East Asian markets, has exceeded the falls on Wall Street itself. According to the Australian Financial Review, the Australian market has suffered its “worst losing streak since 2000”—when the dot-com bubble burst—“as increasing concerns that the United States is in the grip of recession ramped up the sell-off across global equities”.

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Avastu Blog is migrating to; 1st Jan 2009 live


I will send out emails personally to those who are using my link(s) on their sites.

Thanks much for your co-operation and hope you enjoy the new site and its cool new features :-)

Not like the site is unlive or something..on the contrary, its beginning to get a lot of attention already. Well most of the work is done, you don't have to worry about anything though:

What won't change

Links/Referrals: I will be redirecting the links (all links which you may have cross-posted) to - so you don't have to do anything in all your posts and links. Although, I would urge however that you do change the permalinks, especially on your blogs etc yourselfThis blog is not going away anywhere but within a few months, I will consider discontinuing its usage. I won't obviously do …