Are you in need of a go-to explainer on what the hell is going on with the stock market and how it could affect you?

This time last week, everything was coming up Milhouse for Australian investors.

The Australian Stock Exchange – or ASX – hit yet another record high after months of relatively consistent growth.

But since Friday markets across the globe have been tumbling, and $100 billion has been wiped off the value of Australian shares alone.

Dr Angela Jackson is Lead Economist at Impact Economics - she joins Bension Siebert on The Briefing to break down what it all means for you.

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