The deceptive calm of financial markets

Financial markets may appear tranquil, but the reality is that they are wildly distorted by low interest rates. The prospect of restrictive US monetary policy will throw Australian markets into uncharted territory.

Even as Australian politics reaches new frenzies of fiscal conflict, the financial markets are a sea of tranquility. Monetary policy, in stark contrast to fiscal policy, is becalmed. No one expects anything much to happen for a year, either here or where the real decisions are made in Washington.

But appearances can be deceiving: neither fiscal nor monetary policy is as it seems.

{{content.question}}

{{ twilioFailed ? 'SMS Code Failed to Send…' : 'SMS Code Sent…' }}

Hi {{ user.FirstName }}

Looks like you've already taken a free trial

Please enter your payment details

We have sent you a code via SMS to {{user.DayPhone}}

please enter this code below to activate your membership

We cannot send you a code via SMS to {{user.DayPhone}}

If you didn't receive SMS code please

SMS code cannot be sent due to: {{ twilioStatus }}

Please select one of the options below:

Looks you are already a member. Please enter your password to proceed

Please untick this box when using a public or shared device


Verify your mobile number to unlock a FREE trial

Please sign up for full access

Updating information

Please wait ...

  • Mastercard
  • Visa
Mastercard

The email address you entered is registered with InvestSMART.

Please login or select "Don't know password"

Please untick this box when using a public or shared device


Register as a new member

(using a different email)

Related Articles