The best economic news in years – and markets don’t like it

By Michael Pascoe
Updated September 14 2016 - 9:13pm, first published 7:15pm
'There is a reasonable prospect of sustaining growth' according to RBA assistant governor Christopher Kent. Photo: Brendon Thorne
'There is a reasonable prospect of sustaining growth' according to RBA assistant governor Christopher Kent. Photo: Brendon Thorne
Wall Street was skittish at just the thought of the Federal Reserve tapering off its money printing. Photo: Andrew Quilty
Wall Street was skittish at just the thought of the Federal Reserve tapering off its money printing. Photo: Andrew Quilty

Overlooked amid the latest market roiling is the best news for the global economy since China primed the capitalist pump. And the official prognosis for our economy is that it probably doesn't need any more interest rate cuts.

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