Australian interest rates Australian Shares

Glenn Stevens’ horrible hedge fund fail

Tuesday, 29 October 2019

This is one chart that gave him away in advance though we could have picked many others:

The first six failed inflation forecasts were under Glenn Stevens’ RBA yet certain hedgies still listened to his inflationist drivel post-2016, via AFR:

Twelve months after Glenn Stevens stepped down from a successful decade-long stint as Reserve Bank of Australia governor he signed up as an adviser to two unrelated hedge funds in Sydney and Perth.

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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.