Australian dollar down, ASX sinks

David Llewellyn-Smith

Friday 7 September 2018

AUD is soft through the morning:

Bonds are big again:

ASX is getting hosed though there’s no real technical damage yet:

Big Iron falls have been arrested by the whack Dalian action:

The Big Gas party is over and not before time

Big Gold catches a break:

Big Mortgage is sinking fast:

Yet Big Puswad carries on. Stupid:

Avagoodweekend.

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.