The lesson from Australia is, as long as interest rates stay relatively low, the market will cool, not crash.
More Quotes from Rory Robertson:
It leaves open the door for the Reserve Bank to raise official interest rates sooner rather than later.Rory Robertson
All the good growth is in the forecasts, in the idea that financial conditions have eased. But we've seen that doesn't always turn into actual good growth.
Rory Robertson
This is the first time the new Fed Chairman has spoken to an audience other than politicians and it's a week before the next policy meeting, so it's no wonder people are tense.
Rory Robertson
The behavior of equity prices from here can make the economy heaven or hell. The further equity prices fall, the gloomier consumers and business people will become, the more corporate and financial disasters will be unearthed, and the less willing lenders will be to lend and spenders to spend.
Rory Robertson
After a long period of inactivity, the tide looks to be turning on the local interest-rate front.
Rory Robertson
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