Economic Update

10 March 2010 - View from the Desk - a Greek tragedy averted for now

It is a year since markets bottomed in March 2009 following the unprecedented and co-ordinated government support packages sanctioned by the G20. Since 12 mArch 2009, the US S&P 5000 has risen by about 72% and financial shares by over 140%. In Australia, the market has lifted by about 55%. Over this same period, the $A has also risen by 30% and therefore our gains are even more impressive in $US terms.

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