Markets greet Poop Morrison with a whimper

David Llewellyn-Smith

Friday 24 August 2018

It’s the Scoblow. AUD up 30 pips but still well down:

Couple of pips on bonds:

Much the same for equities:

Big Iron down again:

Big Gas up:

Big Gold is off to the woodshed now:

Big Mortgage bounced with ScoMo but not much:

Same with Big Property:

Some relief that there is no potato perhaps but the calculus for Coalition survival does not change. Cut immigration or die.

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.