In the spirit of ending the week on a buoyant note, let s pause and consider some of the good news stories to have struggled out of the normally gloomy finance and business pages in the last day or two
- A key United Nations survey is predicting modest positive growth for Australia in 2009
- The Australian share market is heading for its biggest monthly gain in more than 20 years
- The Australian dollar crept back up above 70 US cents
- The Reserve Bank believes Australia s banks are in a relatively strong position for coping with the GFC
- US stocks have rallied for a second straight day, following positive economic data which fuelled hopes that the US economy may be stabilising
Inevitably, each of those items is balanced with talk of ongoing bear market conditions and unsustainable rallies, but sometimes it pays to be selective in your news intake.
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