ANALYSIS: ASX finally makes it back to its record high — why has it taken so long?
Debt-heavy Rio Tinto looked like going under, tumbling 70 per cent in a matter of months; BHP fell 60 per cent, Santos 50 per cent and so it went.
The other side of the ASX barbell, the banks, have gone down and up, and down again and just recently up again, over the past decade. "Banks did well into the housing boom when household debt was still growing quickly," AMP's Shane Oliver said From stocks to bonds, iron ore to bitcoin and Greek banks, the first half of 2019 has seen a global bull market, but can it last economic fundamentals remain weak?
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