Scoreboard: QE consumption

A surge in consumer credit fuelled another outbreak of QE taper fear, while comments from the Bank of England's governor lashed British markets.

US stocks were hit again last night for the third straight session, although losses weren’t anything like what we saw on our market or in Japan. But then again Australia is gripped by depression and Japan is a basket case economy. Anyway, at the bell the S&P500 closed down 0.4 per cent (1690), the Dow lost 48 points (15,470) and the Nasdaq was off 0.3 per cent.

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