The stockmarket is 'not working'
![Australian equities appear set to edge lower to end the week.](http://web.archive.org./web/20170802164609/http://www.afr.com/content/dam/images/g/u/6/s/a/1/image.related.afrIndexLead.320x210.gxnv4k.gshfrb.png/1501679258363.jpg)
A dearth of floats and the availability of ultra-cheap debt means the sharemarket's function as a platform for providing capital is being seriously undermined.
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A dearth of floats and the availability of ultra-cheap debt means the sharemarket's function as a platform for providing capital is being seriously undermined.
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