OUTLOOK Alex Dunnin
The ASX closed the 2023 financial year with a total return of 14.8% (S&P/ASX 200 index) and international shares delivered a whopping 23%, defying the doomers who failed to understand the difference between the financial capital markets, the real economy, inflation and interest rates.
While the real economy is all about the prices we pay on the street for real-life things such as housing, food, labour and household appliances and services, the financial market is where we buy and sell securities like shares