This week's essential weekend briefing contains all of our most requested columns including Kohler on the impending CDO pile-up, Gottliebsen on the automotive industry and Bartholomeusz on the problems with Fairfax.
If the number of defaults of corporations listed in synthetic CDOs reaches nine, there will be a mass transfer of funds from investors into the banking system. This could tip us into global depression or, miraculously, end the crisis at a stroke.
The wrong auto motive
The government is canvassing options to assist imperilled car dealers, including the possibility of a guaranteed financing fund. That might save the industry, but would produce the wrong long-term outcome.
Fairfax situation critical
Attempts to diversify the media company's revenue have served to only amplify its exposure to the downturn. If cost cutting and restructuring fail to have an impact, its condition could deteriorate even more rapidly.
Macquarie's private time
With its share price slumping as a result of market volatlity and rumours, Macquarie Group should seriously consider putting its long-flagged privatisation plans into practice.
No regard for the uptick rule
John M. Green
The government has rashly repealed one of the few rules that works against market manipulation. It is either a complete oversight or a total bungling of policy.