“How’s that Big Austalian Short treat’n ya now?”

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From the always balanced and forward looking AFR:

Here’s a question for the big global investors who used Australian stocks as a proxy for their bets on a Chinese slowdown: How’s that big short treating you now?

Don’t blink, matey. The Big Australian Short is still quite intact. Overnight the CBA CDS price fell one more point to 107bps:

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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.