October 2007 Newsletter
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The 1987 crash - what is the risk of a repeat now?This month marks the 20th anniversary of the October 1987 share market crash. While the anniversary itself has the potential to create jitters, the current situation in share markets is very different to that before the 1987 crash. Share price gains and valuations have been far more reasonable this time around. Household Debt and WealthHousehold debt has risen to record levels, particularly in English-speaking countries such as the US and Australia. Oil Prices Still On The Way UpThis issue looks at the latest surge in oil prices to a record high which is just below US$88 a barrel. The latest surge in oil prices is a continuation of the "three steps forward one step back" pattern of oil prices over the last few years. |