The Australian dollar is weak again this morning amid its bearish declining triangle is intact:
Bonds are bid:
Stocks have opened lower again:
Big Iron has broken support with RIO and BHP in technical freefall:
Big Oil is similar:
Big Gold has a bid just because:
Big Banks have joined the selling as the yield curve collapses:
The driver is the virus. US numbers are climbing fast still with hospitalisations leading deaths higher:
And Europe is so rife with it that both Germany and France are mulling full-blown national lockdowns again, knocking the EUR:
Remember that AUD is little more than EUR with an amplifier attached. If EUR falls then the entire knock-on effect to a rising DXY and falling everything else in risk, commodities and EM is assured.
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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Its a day of retracement as expected across
“And Europe is so rife with it that both Germany and France are mulling full-blown national lockdowns again, knocking the EUR”
Get Credlin on the case, but she’ll only do over Labour-type gubmints – so all good.
Still upset.
Commie fag
Hey Daniel, is that humour (commie fag)? If not do better you girly, girl!
Make sure you keep things decontextualised
This is where lockdowns end up
https://www.armstrongeconomics.com/world-news/civil-unrest/will-italy-be-the-first-to-deploy-military-against-anti-lockdown-protestors/
https://www.armstrongeconomics.com/international-news/spain/riots-also-in-spain-against-lockdowns/
People forget that policing is by consent and the people do not consent.
Hi tightwad
Death numbers in Sweden: “COVID-19 meant that deaths were 10 per cent higher than the average for the period over the last five years, the Statistics Office said.”
Source: https://www.google.com.au/amp/s/thenewdaily.com.au/news/world/2020/08/20/sweden-coronavirus-record-deaths/amp/
And here’s a model for you on public spirit:
http://www.bbc.com/travel/story/20201018-samfundssind-the-single-word-that-connects-denmark
Hi Deb,
I note the article you referenced is from August.
If you check you will find that after the spike deaths are now basically non existent for Covid so that has pulled the numbers back down as per the chart I posted.
Overall, much the same as last year.
To me public spirit is about standing up for your freedom against a propaganda machine of fear and hysteria, not shutting the world down over a flu virus. By UK Govt figures they think about 75k people will die there from the lockdown and they won’t be mid 80’s.
Another reason to lock down, otherwise mass excess deaths as shown here
https://www.zerohedge.com/s3/files/inline-images/sweden_0.png?itok=iLOBsbTm
Haha
Whats that prove? Sweden has had more cv deaths by a long shot than it’s Nordic neighbours for the same economic outcome.
It proves that Sweden has no excess deaths this year therefore not locking down has made zero difference to the average number of deaths.
A few 80 years have died of/with Covid and not of/with flu.
Are you incapable of understanding that?
An 80 yr old has another 8.3 yrs of life expectancy, with only a 6% chance of dying over the next yr.
https://www.ssa.gov/oact/STATS/table4c6.html. Getting cv changes that! Are you incapable of understanding that or do you insist on using data arguments that have been rejected?
So we have determined that approximately the same amount of people died this year as last and the year before that in a country with no lockdown.
Not only can we conclude that lockdowns make NO difference to the amount of people who die each year but neither does Covid.
Yet, you still seem to insist lockdowns are good.
You seriously need to brush up on your analytical abilities and turn off the TV.
On your logic we’re better of having cv as total deaths are down! Please explain, Pauline thinker.
It’s not my logic, it’s just the facts displayed in a simple chart form that even a moron can understand.
You explain it, you’re the lock us down psycho who wants to lock everyone up for, well, what reason?
No, your selection of “data” states that having cv is better for a country as there are total lower deaths, so don’t try and worm your way out of it, idiot.
lololol Have you informed all the CHOs around the world of your news?
I’m guessing you’re Scumo’s CV19 Adviser.
About 2,600 people die every *day* in Germany, from any cause.
Only need to code a fraction of them as COVID.
What matters is excess mortality and annual mortality, which is flat. Sweden annual deaths tracking at merely 2.4% above 2018, and even then entirely explained by a weak 2019 flu season.
Did you post something similar to this on a different thread?
I thought I saw it this morning but when I looked again it was gone?