Credit Suisse have just released their new Global Wealth report, which shows our average wealth is only eclipsed by the Swiss! Are you feeling wealthy? We have a link to InvestorDaily.
This edition of Market Update looks at the developments with the European debt issues and the fiscal measures being implemented in the US to help their economy.
This includes the US Federal Reserve (FED) announcing “Operation Twist” and President Obama’s plan – the American Jobs Act.
Other key points from this edition include:
• Manufacturing sector growth in China continues
• Australia’s outlook weaker than a few months ago, and
• The RBA leaves the cash rate unchanged yet again.
Similar to what we’ve seen recently, markets continue to remain uncertain in the short term, so remember to remain focused on your long-term goals.
If you’d like to discuss anything in this report please give my office a call.
In the latest video interview from the recent MLC Investment Summit, we talk to David Gordon, former adviser to Condoleezza Rice and current head of research at Eurasia Group.
In this video, David discusses:
•what the biggest driver of global economic conditions is likely to be
•how he sees decisions by policymakers playing out in both Europe and the US, and
•his views on which of the top Asian economies are to watch over the coming years