MARKETS SPECTATOR: AMP's losing experience

AMP's experience losses, totalling $32 million in the five months to May, contradict Julia Gillard's rosy assessment of the Australian economy.

Julia Gillard has complained analysts and reporters are too gloomy on the true nature of the Australian economy. Today’s statement by Australia’s biggest life insurer, AMP, would suggest the Prime Minister’s assessment of economic conditions is too rosy.

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