Julia Gillard and Wayne Swan continually tell us what great shape we are in and that WE Australia has come through the GFC in great shape. The envy of the rest of the world often used by them to describe us.

So, cast your mind back to September 2008, the bight of the GFC.

The local market fell from some 6600 points, to around half, 3300. And now sits around the 4300 mark, it has recovered by about 50%.

The US, what is often described by them as a basket case, fell from some 13000 to 6000, yet has now increased by 100% and is back to where it started.

How can this be if we are the clever ones?

Butch you are a political racist. Going through the same thing over and over. Open your eyes Australia is doing very well, do not panic, and try to sleep.

So wha is the US doing 579?

Remember, most regard them as a basket case!

579,
Suggest you look up the word racist, it is do do with race.

Are you trying to change the words meaning simply because you think it has more impact. That strategy has fell by the wayside ages ago.

Critisism of a political party, a religion, culture or a persons conduct is not racism.

The upright meaning of the english language fell by the wayside years ago also. But it's handy when nothing else works.
What has USA got to do with our economy.
Share markets have their own religion,
Share markets control the price of oil.
share markets can go flat tomorrow, so what.

One of the reasons why the US market has risen is because of the money supply that has increased due to quantitative easing undertaken by the government. It eventually debases the fiat currency and creates inflation, so everything costs more. It is the main reason why gold has risen because people regard it as a store of value. While its price against the US dollar and most other currencies has risen, the value in purchasing power of gold largely remains the same and has for the last few hundred years. That is why it is NOT in a bubble, it's the value of fiat currency that is going down against it, so it requires more paper to hold it. Benanke says it is not money, but I ask why then is it still regarded as a form of exchange throughout the world and accepted as such ? Why are central banks buying as much as they can, particularly China who now are actually encouraging their population to invest in bullion when only fairly recently it was a banned purchase.They are also the largest pruducer in the world and no longer export it. It is probably because the US dollar is the reserve currency and the need to keep it as such with no default back to a gold standard...... Although I can see it coming.
Gold and silver are being manipulated by banks such as HSBC and JP Morgan by shorting on the bullion exchanges with derivatives on a daily basis with quantities that exceed the physical supply.... But that is a different story, a bit off subject.