PART ONE - Switzer TV Interview, 17 February 2010

Rod North, from Bourse Communications, discusses business. He talks about the invention clock, which indicates different economic periods, from recession through to a boom. He says that with the market up 100 points today, the clock is currently in the recovery phase. He adds that we are about three or four years from being back at the top of the market, with it taking about 33 months for the market to fully recover. He continues to say that with the advent of fiscal and stimulus measures, the clock moves more sporadically. Mr North adds that what could change the prediction of the clock, is business confidence, which could either boost or crash proceedings. Australia, he says, is less likely to be dragged down economically, due to our strong export ties with strong nations. Mr North concludes by saying that he doesn't think the rate of growth will be as aggressive as in the last 12 months, as we are coming off the back of the reporting season.

Category:

News & Politics

Tags:

• Switzer
• Investment Clock
• Rod North
• Bourse Communications