...but with far less likelihood that a significant technological change or restructuring of the economy will happen coupled with the beginnings of a Japanese-esque ageing population effect.
Obama will be giving his speech on carrying out air strikes against IS in an hour about to speak, can watch on AJE http://www.aljazeera.com/watch_now/
Airstrikes coming and no regular forces on the ground, maybe special forces. Time to go long on the military industrial complex index 100
Airstrikes are more likely to cause civilian casualties and convert more to the cause. It's this sort of thing that caused the problem in the first place.
Russia has responded by saying they are waiting for the details on the sanctions to decide on how to retailite and will soon be responding to US sanctions
Do you THINK THAT isis caputured Bagdad that Iran would not counter-attack to save their Shia brothers? Iran would beat ISIS without raising a sweat. JMO. IRAN already has given support on the ground to help take back the dam. Shia's will not sit back and watch those mad ISIS lunatics kill their own religious brothers is such a degrading manner. Regards Errol 43
Labour market hasn't fully recovered... We will maintain our commitment to low interest rates for a considerable time
MSM 22 sept All gains for the year were almost erased as the Australian sharemarket tumbled deep into the red today after China's finance minister reiterated the country was committed to rebalancing growth. The S&P/ASX 200 index dipped at the open, but selling accelerated through the session and it dropped to close 70 points, or 1.29 per cent, down at 5363 as iron ore futures tumbled another 4 per cent after stimulus hopes were smashed by Minister Lou Jiwei's comments. He said growth in the world's second biggest economy faced downward pressure and reiterated that there would not be major changes in policy in response to individual economic indicators. The Shanghai composite index was down 1.4 per cent at the close of the ASX while in Tokyo the Nikkei index dropped 0.9 per cent. Steel rebar futures dived 4 per cent, while spot iron ore dropped 1.4 per cent to a fresh five-year low of $US81.70 a tonne on Friday. The Australian dollar lost US0.6 to US89.10, while government 10-year yields fell 7.2 points to 3.654 per cent as safe-haven demand soared after Treasurer Joe Hockey suggested macro-prudential bank lending limits could be used to curb housing speculation, reducing the likelihood the Reserve Bank would be forced to raise rates. "The prospect of macro-prudential policies in Australia designed to cool the housing market appear more likely and may place downward pressure on rates and the dollar," Royal Bank of Scotland currency strategist Greg Gibbs said. "Macro-prudential measures in the Australian context should target investors and might resemble those used in Hong Kong and Singapore limiting borrowing for second homes. These might appear more powerful than those employed by New Zealand." Mr Hockey's comments come hot on the heels of the Reserve minutes which voiced alarm about housing speculation, especially in Sydney and Melbourne. The US dollar climbed against major currencies on Friday and US government 10-year yields fell 6 points to 2.55 per cent as the end of US Federal Reserve quantitative easing next month continued to trigger the reversal of high yielding carry trades. Gold fell $US10 to a nine-month low of $US1213, just one per cent above support levels, while copper tumbled 1.6 per cent to a four-month low of $US6740 a tonne. CMC markets chief market analyst Ric Spooner said lower iron ore prices weighed upon the big miners. Also, the major banks suffered significant falls as overseas investors pulled out due to the declining value of the Australian dollar. "It's certainly a worse day than otherwise may have been anticipated when we opened up this morning," Mr Spooner said.
Does anyone know what exact day/date The Fed are removing QE during October? Surely no crash will happen until this date???
Crash IMO would happen from the outside in towards the US not from the US towards the rest of the world. The higher the USD index goes the more confident I am that emerging markets will come under pressure. The forex and bond markets will be key to watch
O.k thanks but what does all this mean for OZ? And what exactly is going to happen once The Fed remove QE which is only a few days away??? Will we see a huge stock market crash????
Are you so preoccupied with The End that you will miss your beginning? No one knows what you ask and if they claim to, they are lying. Life is what's happening while you're sweating on teotwawki ...