Australian Economy Australian recession Commodities

RBS: Short emerging markets and Australia

Tuesday, 13 October 2015

Cross-posted from FTAlphaville:

From Alberto Gallo, at the Global Macro Credit team at RBS, comes the next instalment in what we are now inclined to start calling the “petrodollar feedback revival” phenomenon. The least welcome 70s revival since … err, bell-bottom trousers?

Nicely depicted by Gallo and team as follows:

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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.