Forget crystal balls, the best guide for markets is the morning news

The Australian Financial Review
07-11

We shook up government, government shook up the institutions and now institutions and government are shaking up the results.

Copper tariffs, underwritten rare earths prices, sovereign investment, a shock Reserve Bank of Australia decision, a surprise merger clearance from the Australian Competition and Consumer Commission – we got it all this week. We (and the United States) asked for it, politicians are playing into it and investors have no choice but to wear it.

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