ITS ABOUT THE CASH NOTHING ELSE.
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RBA's Philip Lowe says President Trump could be bigger market shock than Brexit
Reserve Bank governor Philip Lowe says if Donald Trump were to win next month's US presidential election it would be more of a shock to financial markets than the Brexit vote in June, which in hindsight was "benign". Dr Lowe also said his biggest global concern was the threat of rising protectionism and a decline in support for globalisation.In response to an audience question at a conference in Sydney, Dr Lowe said the bank had not done particular scenario planning for a Trump presidency, something that is unlikely, according to polls. However, the RBA does develop a "generic" response for potential "major ... (full story)
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- Oct 18, 2016 2:37am Oct 18, 2016 2:37am
- Aussi
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- Bakker
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- romwinter
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- jecklom
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Study and risk taking are the engine & fuel that will propel you to success
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- Mingary
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- Aussi
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ITS ABOUT THE CASH NOTHING ELSE.
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- Mingary
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- Not-KPMG
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Beware of robber banks (RB), bad advisors.
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- theras2000
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Everything will be okay in the end. If it's not okay, it's not the end.
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- Edited 3:21pm Oct 18, 2016 12:16pm | Edited 3:21pm
- cliffedwards
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