March 7 links: A QE timeline

David Llewellyn-Smith

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.

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  1. I know, I’m getting the distinct feeling that we’ve entered some blowoff phase. I mean, how do Chinese hikes and the withdrawal of QEII add up to global inflation?

    Answer: They don’t.

  2. Its certainly been “Risk Awwwwwwnnnn” with a vengeance since the market decided Fukushima was a non-event. Seems like there are a lot of people chasing the rebound higher.

  3. I don’t know. I think its purely speculative and has little to do with anticipation of reconstruction spending. Traders are kicking themselves for missing the Japan/Libya buying opportunity and are chasing momentum higher.

    What economic news has there been this week that would drive everything higher? None that I’ve read.

  4. Risk? Cover it…Oh ..unless you happen to live in NZ. One of our biggest insurance companies has just floated to the surface of the earthquake pay-out pond; and signs of life appear to be missing. Enter a Government ‘package’- stage left. Do we have any money left to bail this sucker out? ( ends with a rhetorical question..)