AUSTRALIA - World’s Best Performing Stock Market Since 1900

Arno Froese

Australia has the world’s top-performing equity market over the past 120 years, thanks to its ability to largely evade the global financial crisis, according to a new study published by Credit Suisse Group AG.

Stocks Down Under have achieved an annualized real local-currency return of 6.8% per year since 1900, according to the broker’s Global Investment Returns Yearbook 2020. The report was produced in collaboration with the London Business School and Cambridge University.

While Australia is often called the “lucky country” due to its abundant natural resources, its services-based economy combined with its strong banking and savings system helped make it mostly immune to the financial crisis, the report said. The researchers also said foreign investors have been attracted by the country’s rule of law, education system and established regulatory frameworks.

The Australian equity market has also held up well amid the recent coronavirus-fueled global downturn, with the benchmark S&P/ASX 200 Index little changed on the year, compared with a 4.5% drop in the MSCI All-Country World Index. Hopes for further cuts to already low interest rates helped propel the market to record-high levels., 27 February 2020

Arno's commentary

Australia is part of the British Commonwealth and is still closely tied to the UK. It has a population of about 26 million people. The main religion is Protestantism, at 23.1%, closely followed by Roman Catholicism at 22.6%. A substantial percentage, 30.1, have no religious affiliation, and 9.6% unspecified. Religiously, Australia is similar to Europe, with a large number of agnostics and atheists. Life expectancy is high, 82.7 years. Like virtually all successful countries, exports stand at $231.6 billion, with $221 billion in imports. 

About crime, has this to say: “…Australia’s rate is much lower than the average global homicide rate of 6.2 per 100,000, as estimated by the United Nations Global Study on Homicide report.”

This is an important issue, because most Christian publishers, editors, preachers, and evangelists credit Christianity with prosperity, security, and safety. That, quite obviously, is not the case. We must compare crime, poverty, prosperity, and life expectancy, to get the correct figures. Today, the majority of the world’s population is much better off than 100 years ago.

All this is necessary for the fulfillment of Bible prophecy. Deception is greatest during times of prosperity. In the US, for example, the most successful and prosperous group are of Indian descent—followers of the Hindu religion. Here too, we are being confronted with the reality that it is not religion but globalism that leads to prosperity. That may not be to our liking as Christians, but facts are facts, and we should always have the courage to tell the truth, regardless of cost.

Arno Froese is the executive director of Midnight Call Ministries and editor-in-chief of the acclaimed prophetic magazines Midnight Call and News From Israel. He has authored a number of well-received books, and has sponsored many prophecy conferences in the U.S., Canada, and Israel. His extensive travels have contributed to his keen insight into Bible prophecy, as he sees it from an international perspective.

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