ALAN Bond, with his conspicuous consumption and America’s Cup win, seemed to define the 1980s, but he was a man whose deals were built on sand.
ONE of the most interesting, more reliable, and potentially highly significant “devils” in all that statistical GDP detail was a clear fall in the household savings ratio.
GLENN Stevens and his team at the Reserve Bank would have breathed a small collective sigh of relief at 11.30am on Wednesday.
Australian Market Data at 08:31AM
|Index / Security||Price||Change||Percent|
|All Ords||5758.4||+3.80||+ 0.07%|
|S&P/ASX 50||5661.7||+2.70||+ 0.05%|
|S&P/ASX 300||5666.4||+4.30||+ 0.08%|
|S&P/ASX MidCap||6287.2||+14.40||+ 0.23%|
|S&P/ASX Small Orders||2365.8||+2.20||+ 0.09%|
|S&P/ASX 20||3213.9||+2.00||+ 0.06%|
|S&P/ASX 100||4744.4||+3.50||+ 0.07%|
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