Please click the link below to view Shane Oliver's views on where we are currently in the global investment cycle.

Key points made are :

• We are still a long way from the peak in the investment cycle.
• There is little sign of economic excess globally
  • underlying inflation is low
  • spare capacity remains
  • there is no sign of overinvestment
  • credit growth is modest
  • monetary conditions are not tight
  • share market valuations are okay
  • and investors are not euphoric
• The cyclical bull market in shares has more upside