Australian interest rates Featured Article

The RBA must cut and print this weekend

Saturday, 14 March 2020

You’ve got to love equities. They are the true village idiot of markets. Convulsing one way or the other until they are finally right by random walk!

Meanwhile, credit has no choice but to reflect underlying reality. And what it is saying is not encouraging at all.

US junk apreads are on a tear with European trailing:

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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.