Apparently the IMF recently compared the Australian economy unfavourably to that of Greece which apparently is a fair kick in the balls. This, of course, sent everyone into a tailspin particular our politicians who are too stupid to be able to read a graph and are locked within the narrow intellectual constraints of their own dogma. However a quick look at a sample of the worlds largest markest shows something interesting – the All Ordinaries Index measured on a year to date basis is the second-best performing market in the sample.
If you are looking to economic forecasting to help you with your trading all I can say is good luck to you with that. The economy is not the market – never has been and never will be.
