A great global switch is upon us

As the US-China model that dominated global demand and supply gives way to a new structure, Australia sits at the centre of the turbulence.

To understand what is now happening in share and currency markets you need to realise that two fundamental changes are taking place at once. Australia finds itself not far away from the centre of this turmoil. 

The first and most publicised of these changes is the looming reduction of quantitative easing – the so-called taper, which is beginning to create a severe disruption in the currencies of many emerging countries. 


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