Australian dollar mashed by falling jobs anvil

The Australian dollar has been mashed by the falling jobs anvil:

As bonds roar back:

Stocks loved it:

But not Big Iron:

Nor Big Gas:

Or Big Gold:

Not even Big Zombie:

Or Big Realty:

There must be a few soaring bond proxies somewhere!

Houses and Holes

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.

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Comments

  1. Can’t wait to see what happens when the sliding commodity prices, especially iron ore, starts showing up in the trade accounts. Fun, fun, fun!

  2. Jeeze, I’d hate to see what happens when we print something that Colin Bogan Jones can see is nasty…