Pascometer burns red on the Aussie dollar

Friday, 10 May 2013

For a late Friday treat, the Pascometer is once again spraying its firey rays around the room with a siren song of sell! MP has endorsed a strong Australian dollar thereby confirming the opposite. Honestly, this video is worth a look. Even by the Pascometer’s inexact standards this effort is a very serious wide.

Weeoooo. Weeoooo. Weeoooo.

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.