See the latest Australian dollar analysis here:
The Australian dollar has gapped lower this morning on lousy Chinese data:
XJO is down heavily and looks likely to close at new two year lows:
Bonds continue to boom:
Big Iron is solid on hopes of MAOR from Pooh of China:
Big Gas is down despite OPEC:
Big Gold is flying as the Fed pause gathers fans:
Big Banks are getting flushed as a dumberer RBA says the next move is up as the housing market implodes:
And Big Realty is still pretty deluded about what’s coming:
Which is a house price crash right now!
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.
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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Bank bid blows up
The Australian dollar is hovering at the highs
The Great Bears do the bear market rally
Cross-posted from ZeroHedge is a fabulous post
Macro Morning
By Chris Becker The risk edifice
Australian dollar enters the MMT era
DXY was weak last night as EUR chases the fiscal
Japan as usual feels the slowdown first……….capex down a lot
https://www.zerohedge.com/news/2018-12-09/japan-gdp-tumbles-after-biggest-capex-collapse-financial-crisis
A lot of GDP’s showing red all at once
#tradewar!
Sure is more entertaining than the past few years of central bank chicken.
https://www.derbund.ch/sonntagszeitung/paris-brennt-und-trump-triumphiert/story/23289638
Found that cartoon mildly amusing. He’s looking a bit like ol’ mate Rygel from Farscape.
http://vignette4.wikia.nocookie.net/headhuntersholosuite/images/3/3e/Rygel_XVI_001.jpg/revision/latest?cb=20100321045935
You really should warn me when you look to post headlines saying the AUD smashed. The AUD always seems to jump almost immediately
The Aussie PPT reads MB?
MB is a contrarian indicator on the AUD in the very short term!
(But pretty good in the long term – at least during the time I’ve been watching)
PPT?
Yep headline should be AUD smashed to new intraday high! Lol!
PPT is Plunge Protection Team Dingwall
Unlike the poor chumps in the so-called “Balanced” options, I’ve only got about 5% of my super in Australian equities. Even that’s starting to give me the shits.
“Which is a house price crash right now!”
It’s on for young and old, baby!