International Economy
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...
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Australian Economy
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...
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