Retail beats in AFR’s parallel universe (updated)

Thursday, 3 April 2014

There’s no bubble here and, another thing, retail sales of 0.2% soared above expectations of -0.3% in the AFR’s parallel universe today. Presumably the dollar soared too in that dimension, instead of getting whacked 40 pips like it did in this one, after retail sales missed consensus of +0.3%.

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Update:

Arp, there we go:

I should be on a retainer!

About the author

David Llewellyn-Smith is Chief Strategist at the MB Fund and MB Super. David is the founding publisher and editor of MacroBusiness and was the founding publisher and global economy editor of The Diplomat, the Asia Pacific’s leading geo-politics and economics portal. He is also a former gold trader and economic commentator at The Sydney Morning Herald, The Age, the ABC and Business Spectator. He is the co-author of The Great Crash of 2008 with Ross Garnaut and was the editor of the second Garnaut Climate Change Review.