From Alan Kohler: The mid-year market correction of 2013 is different to the previous three years as it has been spurred by economic strength rather than...

Livewire
From Alan Kohler: The mid-year market correction of 2013 is different to the previous three years as it has been spurred by economic strength rather than global volatility. In the previous years, global equities fell amidst slowdown in the US and Eurozone. However, this year's market correction was sparked purely by speculation about the end of QE3, despite positive economic data from the US, growth in Japan and declining Eurozone risks. Markets have become addicted to liquidity instead of reality and it will take economic growth rather than the booze of liquidity to restore the markets back to sanity. (VIEW LINK)
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Livewire News brings you a wide range of financial insights with a focus on Global Macro, Fixed Income, Currencies and Commodities.
Expertise
No areas of expertise