3:37pm: Crisis? What crisis? Michael Pascoe comments on a fine day on the markets, and for Kevin Rudd: There’s no longer a leadership crisis for the Labor Party and, if you believe the headlines, the China liquidity crisis, the Fed tapering crisis and the diving Australian dollar crisis are all over too. Oh that it was all so easy. None of the questions underlying all of the above alleged crises have gone away, but they are being seen with a little more perspective after the usual initial market over-reaction. One of the benefits of having been around a while is that you scare a little less easily after being told so many times that the world was about to end and finding that the sun...
↧
