Australian dollar jumps as housing bust over!

The Australian dollar has popped a little this morning after news that the housing bust is over with consumer sentiment just fine (or maybe it was the RBNZ hold):

Bonds are getting hosed:

Stocks missed the memo:

Dalian is weak at the open:

Big Iron powers on, especially poor quality dirt:

I wonder when the blood-sucking gas cartel will price Labor?

Big Gold is strong. That NCM chart is attractive:

Big Banks are loving the end of the property bust, except ex-div CBA:

Big Realty doesn’t yet realise it’s over:

Perhaps it’s not.

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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.