Business
Is the recovery already priced into shares? – The Australian Financial Review
After steep gains, investors are asking if the market has already priced in a return to normal and, if so, should they err on the side of caution?
A lot of that stimulus has already been spent, which was the whole idea, but much of it has been saved, with Australias household savings ratio hitting 19.8 per cent in the June quarter, almost eight times higher than a year ago and only 0.5 per cent below its peak of the past 60 years. Thats a serious amount of spending power.
And spending is exactly what it looks like Australian consumers are doing after confidence levels jumped to 10-year highs. Commonwealth Bank credit card data showed spending…
-
Noosa News24 hours agoCameron Hunt, 45, charged with murder after body of his wife Louise Hunt found inside their Geham home just outside Toowoomba
-
General18 hours agoWondering about winter | The Spectator Australia
-
Noosa News17 hours agoJane Bunn weather: Cyclone Errol forms as effects of Alfred still felt across Queensland
-
General17 hours agoParents of Heidi, 3, remember ‘beautiful’ daughter killed in Ocean Grove crash