Economic and Market update

On Thursday 12 November, Saward Dawson hosted Dr Chris Caton of BT Financial Group at the Box Hill Golf Club for our regular Economic and Market Update. Chris is one of Australia’s most respected economists and is highly sought after by the financial media. He is an excellent and forthright communicator and we received some outstanding comments from the large audience.

In short, the main points made by Dr. Caton were, in his opinion:

	The Australian economy did go into recession regardless of the official definition. He stated the increase in unemployment as sufficient evidence. However, it was very mild compared to other countries and previous Australian recessions.
	The world economy is stabilising. This is good news for Australia.
	The best buys in the Australian share market are behind us. But the market can go higher.
	Interest rates will rise further but not to excessive levels.
	The Australian dollar is currently over valued.

Saward Dawson will present more high quality speakers in 2010. We believe that this is an excellent way to serve our clients and the business/investor community at large. If you would like to receive notification of upcoming events, you can register here.
 

Published : 13 November 2009