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Australian dollar soars on dirt wings

at 3:11 pm on January 31, 2019 | 8 comments

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.

Ino January 31, 2019 at 3:14 pm

Floating like an iron terd 😀
- rj2k000MEMBER January 31, 2019 at 3:29 pm
  
  Only thing we’re good at 😉
rj2k000MEMBER January 31, 2019 at 3:29 pm

Napoleon Perdis makeup the latest retail brand to enter administration
https://www.abc.net.au/news/2019-01-31/make-up-chain-napoleon-perdis-the-latest-retail-brand-to-enter-/10767230
- astrolin January 31, 2019 at 4:41 pm
  
  Gee, you couldn’t make it up. I am sure Napoleon is busy plotting his escape from the Isle of Elba.
[email protected] January 31, 2019 at 3:35 pm

Realty is going nowhere…nor is reality….I see cooked spruikers
fisho January 31, 2019 at 4:13 pm

Go you good thing, you little Aussie Slapper
AK January 31, 2019 at 4:50 pm

Something I always wonder – how does all this mining money actually flow into the economy? Most of the mines are owned by companies foreign owned and I don’t see them building new mines anytime soon? Does it actually translate into wages for Aussie workers? I’m not sure of any of these transmission mechanisms now that the “investment” phase is over.
bcnichMEMBER January 31, 2019 at 5:28 pm

I think we needed AUD higher, market to let long and then come off
My feeling is we aren’t too far away from the high
I’d very interested to know if market has turned slightly long
HNH what do you think ????

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