Australian dollar soars on dirt wings

David Llewellyn-Smith

Thursday 31 January 2019

The Aussie dollar is powering on through the afternoon:

Bonds continue to misprice inevitable RBA action:

Stocks are stalled:

Big iron is on fire:

Big gas too:

Actually it’s all dirt, including gold, tossed up by the Fed for now:

Banks are sagging on the Hayne pain:

Realty is going nowhere:

Australia’s strange bust with a mining boom rolls on.

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.