Global stock market turmoil this week saw spooked investors dumping billions of dollars in shares, before a rebound restored a lot of the value. 

There are jitters about the true value of surging stocks on Wall Street, the risk of a recession in the United States and interest rate rises in Japan. 

Today, the ABC’s chief business correspondent Ian Verrender explains what’s going on and what it means for us and the future of interest rates. 

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Ian Verrender, ABC chief business correspondent