The disconnect between the real and financial worlds – The Drum – ABC News (Australian Broadcasting Corporation)

China’s export growth is slowing and Europe remains in trouble, but not everything is gloom and doom in the financial world, as Alan Kohler explains.

There’s an air of unreality about the share market at the moment. Yesterday, the Australian market hit a new 2012 high on the back of a sudden spurt in the iron ore price, as the IMF cut back its forecasts for global growth, Rio Tinto added to the gloom about China by cutting back its forecasts for that country, and the local polity managed to plumb new depths.

Investors have long since ceased to worry about politicians, but how to account for the disconnect between what might be called the real world and the financial one?

via The disconnect between the real and financial worlds – The Drum – ABC News (Australian Broadcasting Corporation).

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