You could be forgiven for thinking that the recent stability on global financial markets has been a function of a significant easing of global risks. Central Banks globally continue to run very supportive monetary policy settings designed to keep money cheap and plentiful.
With interest rates already very low, unconventional policies such as quantitative easing in both the United States and the Euroone (EZ) continue to enhance liquidity... read more
The latest national accounts released on December 5, showed that the Australian economy grew by 0.5% in the September quarter, and by 3.1% over the year. Although the annual growth rate is below the 20 year average of 3.5%, it should be noted that around 10 of those 20 years were artificially boosted by debt fuelled growth that was ultimately unsustainable. An annual growth rate of around 3% or above should be viewed favourably... read more
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