This is not just our worst-ever correction. It is also the fastest

ملخص مفصل

Property prices are falling faster than ever but bond markets and bold contrarian buyers are already eyeing the turn.

If we zoom out from the dramatic day-to-day noise of the media cycle, arguably the most important news this week was the smoking-hot US inflation data.

It implies that over the three months to October, core inflation has accelerated to a stonking 3.8 per cent annualised pace, while the 12-month rate has lifted from 3.1 per cent to 3.3 per cent, way above the US Federal Reserve’s official 2 per cent target.

مطلع المقال، مقتطف من Australian Financial Review. لقراءة المقال كاملًا، افتحه على موقع الناشر.