Markets hilariously mispricing RBA cuts

Tuesday 25 February 2020

This is amusing:

These numbers are from yesterday. Yes, the March meeting is only next week but that leaves five trading days for the world to fall apart.

The RBA should have made an insurnce cut at the last meeting. It can’t afford to wait until April. At the present rate of pandemic growth the numbers will be in the millions by then.

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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.