Pascometer burning red on 50bps cut?

Monday, 5 August 2013

As regular readers will know, The Pascometer is a more than useful counter-contrarian signal generator. The siren has sounded today with a strident repetition of no rate cut tomorrow leading me to wonder if a stronger 50bps cut is in the offing. Enjoy!

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.