AFR Market Wrap

ASX down 51pc on year

Markets: Shares down 4pc

Commodities: Crude slips 

Bassanese: Little optimism 

Currencies: $A tumbles   

Economists see red as right response

The idea of a first federal budget deficit in a decade might prove controversial, but market economists agree now is the time. Read more

All not lost if we learn these lessons

RBA governor Glenn Stevens goes in search of silver linings, and manages to find a few.

China's Hu a bull in a Latin shop

China's President, Hu Jintao, is leading scores of Chinese businessmen on a sweep through Latin America. Read more

Number's up for projects growth

Capital expenditure on mining and energy projects - a major driver of economic growth in recent years - has fallen in the last six months. Read more

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