All Posts Tagged With: "Australian Bureau of Statistics"

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Australian Recession in the Works? Ask the Sharemarket

All along it’s been assumed the fall in Australian shares is related to the credit crisis. But what if the stock market is actually forecasting an Australian recession? The stock market is a leading indicator. Shares lead the economy. So if shares are heading down, is the market telling us the Australian economy will soon follow into recession? It might seem counter-intuitive. After all, the country just racked up its highest trade surplus in 11 years last month.

October 3rd, 2008 | Dan Denning | 3 comments | Continued
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