Goldman sees $500 billion in LNG lost

Wednesday, 4 February 2015

Crikey, from Forexlive, will try get a hold this:

Cuts Australian dollar 12-month forecast to 72 cents

Says RBA to cut rates again in May, to 2%

Oil drop may lower Australian earnings by $500bn to 2025

Lowers Australian GDP forecasts from 2016/18

$500 billion in earnings!

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.