SKY NEWS BUSINESS Australia – 08/06/14

[youtube id=LaiF3o_zDFQ]Why? Ask 10 people why stocks are so soft and one will get 10 answers – “inflation” is the most popular answer-and many will cite the ECI from Thurs- while BES, Argentina, “weak earnings” even though this has been a decent season overall, Russia, “rates” (i.e. the dislocations in credit will be painful and reverberate to stocks), and “the Fed” (the expected timing of the first hike may have moved forward ~30 days over the last week) are got plenty of blame too.
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