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Podcast: The Savings Tip Jar
Episode: Does a volatile share market point to a recession? With James Austin, Firstmac CFO
Description: Earlier in the week, the Japanese Nikkei posted a loss of more than 12% - the worst drop since 1987, and one that plunged Japan into three decades of economic malaise, dubbed 'The Lost Generation'. It happened again on Monday, then staged a rally on Tuesday. The ASX and other share markets around the world experienced similar. And our little Aussie Battler AUD has taken a beating.
We also had an RBA monetary policy decision - a hold. Probably what Australia needs right now, a steady hand.
Here to talk us through all of this is Firstmac's...