Overseas Markets
With the ASX All Ordinaries hitting all time highs today to 5272.1 and ASX reporting a huge increase in net profits due to the increased levels of share trading, it is important to step back a little and have a look at the bigger picture every now and again. I was surfing around the web when I stumbled upon a Lebanese news website called Dar Al-Hayat. It had an article titled "The Impact of Share Trading on the Household Spending Behaviors" by Fouad Sadek Mufti - a former Saudi ambassador. Lebanon is a world away from Australia and other Western cultures and it totally apparent in this Business opinion column. While IMF reported the best growth in three decades, in Australia we saw our markets boom as a result of the Resources sector, the share trading boom is also occuring in Lebanon.
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