The Australian dollar is up and about after more preposterous ABS jobs numberwang:
Bonds are selling a little:
As are stocks. I still favour some more correction:
Big Iron is copping it with FMG hammered. This is a classic seasonal BTFD over the next month, in my view (which is not advice):
Sad to say, Big Gas is up:
Big Gold is showing signs of life. The correction may or may not be over. If stocks do correct, and the USD spikes, we’ll probably see one more clear-out:
Big Banks are trending relentlessly the way of all flesh:
As EconomySmasher is unleashed.
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.
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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The job number is fakenews, authorized by the Australian government. These statistics are meaningless.
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