Lunatic RBA must insurance cut urgently

Monday, 3 February 2020

The McCrann RBA sockpuppet has nothing for us today but more bizarre virus sugarcoating:

Once it is contained, as it will be, here, there and everywhere, it is back to 2020 business as usual. In December, I suggested that it would be one of relative stability; I still do.

The US Fed kicked things off during the week by leaving its official interest rate unchanged. Our RBA will do the same thing on Tuesday.

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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.