With the precipice of the 'fiscal cliff' approaching and an ever reducing appetite to reach a compromise on both sides of the US legislature, it is appearing unlikely that a deal will be reached. Many commentators are claiming this could send the US into another recession with markets likely to follow.
Clearly a lot of focus in the AUS market has shifted towards returns given the drop in interests rates, but have people forgotten where we take our lead from? I for one can only see the market going in one direction from here.
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- why so bully?
why so bully?
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