Investor Insight 26, September 2015

It was recently reported in The Australian Financial Review that the Prime Minister of New Zealand John Key, had said that Australia had developed a “recession temperament in the absence of an actual recession”.

Mr Key went on to say “I think it is not an economic issue, it’s a confidence issue”.

In July of this year John Sevior from Airlie Funds Management said in a note to clients, “there is an extreme level of noise in financial markets at the moment ranging from the consequences of Greece’s financial woes to the possibility of a housing bubble in Australia and the likely timing of an increase in US official interest rates”.