Australian shares record largest weekly loss in 14 months

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Australian shares record largest weekly loss in 14 months | hijessicayun

The Australian sharemarket was pummeled on Friday as fears the Federal Reserve would tighten monetary policy led the local bourse to record a new 50-day low and the biggest weekly loss in 14 months.

US fund manager GMO co-founder Jeremy Grantham, famous for predicting stock market bubbles, believes that US stocks are in a “super bubble” on the cusp of popping. Uranium producer Paladin Energy was the day’s worst performer, losing 10.98 per cent of its share price.

 

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hijessicayun Who else thought this was Covid deaths?

hijessicayun That's lnp management for you. Artificially inflated markets using government cash, record debt and no structural support, only window dressing.

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