Sunday, July 3, 2016

SUNDAY 7/3/16; Australia Election Aftermath

The Australia election drama continues. A clear winner did not emerge from the voting so the political and economic instability will continue. Prime Minister Turnbull representing the Liberal Party is slapped in the face and will have to seek help from independents and minor parties to break a parliamentary deadlock and form a coalition government. Labor Party leader Shorten proclaims that 

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 BOE is promising to reduce capital requirements at banks and plans to provide stimulus in August. The central bankers are the market.

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