Joye: Markets mistaking Oz for China proxy

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From Chris Joye:

The chaos has come and it undoubtedly yields opportunity: Aussie shares delivered no return in 2015 and are down a stunning 10 per cent in the first 43 days of 2016. The question is where is value to be found.

I firmly agree with the Reserve Bank of Australia governor Glenn Stevens’ sentiments: there is much more noise than signal in the current price action.

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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.