After last weeks 'mea culpa' , enough navel gazing and time to look to where in the world money can be made from the reality of this new situation. Markets don't care much for 'why' things happened, they care more about 'what it means'. And it's a fascinating set-up. Most investors have been conditioned to a "lower for longer" world over the last 5 years. That applies to everything from Australian house prices (which are really a semi-inflation linked bond) to commodities to equities. A switch to "running the economy hot" has lots of implications for the outlook for all these asset classes. (VIEW LINK)
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