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More pain for Bloxo today:
It will surprise no regular observer that HSBC has moved their RBA call for a rate hike from Q3 to Q4 ‘18 – this trend continues won’t be long before consensus forms for a 2019 move rather than late 2018 #RBA #AUD
— Alex Joiner (@IFM_Economist) March 28, 2018
This is Bloxo’s third capitulation from memory. I would like to bring you the note but, mysteriously, I have dropped off the HSBC mailing list!
The coming cuts are going to come as something of a shock to the broader market:
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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.
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