Monday, 5 December 2011

ASX 200 priced in US dollars, compared to S&P 500 for 2011 so far

We Aussies are financially joined at the hip with the US. We're not the only ones. The global financial system floats atop a sea of US dollar liquidity, which moves up and down not due to any imagined lever pulling by the Fed, other central banks, or governments, but due to fluctuating sentiment among investors and traders.