Australia is caught in the cross fire of an incredibly complex geopolitical struggle between the US and China, both vitally important partners.
The global stock markets have been suffering pre-Christmas jitters this week over fears of a possible US interest rate rise and a general alarm over the world economy.
The threat of a trade war is still very real. But life goes on, and the global economy is still pushing ahead.
Unless you are a speculator, uncertainty is not a friend to financial markets. Volatility in prices and returns keep investors on the sidelines, dampening economic activity and slowing growth in the process.
While the threat of a trade war lurks darkly in the corner, the good news is that, regardless, the global economy is still pushing strongly ahead.
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