“Is the US Fed and the ECB running global monetary policy, or are we in the hands of those with little or no independence from political, in some cases undemocratic, government?” This is Henry’s editor’s question of the week.
Lex
The Economy: RBA, US Fed meet – rates and market turmoil in the crosshairs
Monday was another bloody day in Australia’s equity markets but last night on Wall Street saw a rally, with rises on equity prices generally exceeding 2%. The relief is palpable, although there is more volatility to come.
The Economy: Markets and the assumed rate hike
Friday saw another ugly day on Wall Street. This follows what was until then a fairly average 8% “correction” in a bull market. Today should again be another down day and if Wall Street is off again tonight, pundits will be looking at the possibility of the “correction” turning into a crash.
The Economy: RBA meets as global inflation rises
Last Friday saw Australia’s equity markets close up 30% (including dividends) for the year. This marks the forth year of annual returns above 20%. Surely it doesn’t get any better than this? But could it get much worse?
