For the past few weeks, the world’s media seems to have been dominated by two unfolding dramas:
- The extraordinary and rather amateur performance in Washington, as the US government lurched towards potential default.
- The concerning spike in euro-region yields, against the backdrop of their apparently insoluble sovereign debt issues.
However, as Amy Auster reported in Saturday’s Financial Review, there was also a really positive development last week (certainly for Australia), which seems to have simply “snuck under the radar”. [Read more…]
