Via 538:
These are 538 adjusted polls. If they prove correct then:
- Biden stimulus will be unleashed leading to…
- steepening yield curve (possibly sharp);
- value rotation rocket;
- possible blow-off and dump of stocks;
- falling DXY and rising AUD but also an emerging US growth advantage to reverse it;
- commodities bid and blowoff especially for copper and associated green metals.
It could be a blowoff and bust for all sorts of current trends.
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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