ASX bathes in blood as AUD guts all

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Australian dollar to the moon as the RBA sips tea:

Aussie bonds sold-off at the long end as the RBA sips tea:

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XJO slammed 2% as the RBA sips tea:

AUD crushes Big Iron:

AUD crushes Big Gas:

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AUD crushes Big Gold:

As China cold war kills Big Banks:

And Big Realty shoves its head all the way up where the sun don’t shine:

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You could be fooled for concluding that monetary, fiscal and political mismanaged has brought to us to the precipice of the great Aussie unraveling:

  • massively deflationary central bank;
  • corrupt Chinese links severed;
  • internal political fracturing on virus;
  • house prices falling;
  • fiscal cliff dead ahead.
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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.