General fears of inflation and weaker
than expected US retail sales have sparked a major sell-off in equities
and offsetting bond market rally. This will create more mayhem in
Australian markets today, and US markets may do more damage tonight in
New York.

In Australia, the political market will probably shrug off the
political porkies over Medicare promises as corporate villains go to
jail for equivalent offences.

Read more here.

Peter Fray

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