Economic Update October 2013

In the latest update, Ben reviews events in markets during September.

The topics he discusses include:
• why the move upwards in global sharemarkets masks growing uncertainty about views on the global economy
• how in Australia lower interest rates are improving consumer confidence and spending,
but unemployment is trending higher
• how the investment environment remains difficult and risky, with policy risks in nearly
all key economies, and
• why the problem for investors is the lack of well-priced mainstream asset classes.

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