Economist of BT
Financial Group.
At the close on 20 June, the Australian
markethadfallenby3.4%fromits31May
level, while the US market was down by
2.6%.Thisbringstheyear-togainsto2.4%
and11.4%respectively.
market was down by more than
continued concern that the Federal Reserve
(Fed) may end its programme of quantitative
easing (QE). QE expands the Fed's balance
sheet, and the chart below shows the
apparent effect this has had on the US share
market in recent years.
falling Australian dollar don't necessarily mean we're headed
for a recession, writes