After a roughly 35% plunge from their February high point to their lows around 23 March on fears regarding of global recession on the back of the coronavirus shutdowns, share markets have since rebounded sharply, led by US shares. The rally has pushed the Australian ASX 200 ... back through...
WHY SUPER AND GROWTH ASSETS LIKE SHARES HAVE TO BE SEEN AS LONG-TERM INVESTMENTS
This is an update of a note I wrote last November, but after the recent plunge in shares and the associated 10% or so loss in balanced growth superannuation funds through the March quarter, it’s particularly relevant now. When share markets plunge as they did into March the standard questions...
MONETARY POLICY DECISION STATEMENT BY PHILIP LOWE, RBA GOVERNOR
At its meeting today, the Board decided to maintain the current policy settings, including the targets for the cash rate and the yield on 3 year Australina Government bonds of 25 basis points. The global economy is experiencing a severe downturn as countries seek to contain the coronavirus. Many people...