Nice little summation from our Bill.
Latest posts by David Llewellyn-Smith (see all)
- Australian dollar dislocates from greenback amid dirt frenzy - February 26, 2021
- Goldman’s bullish oil case - February 25, 2021
- Frydenberg Unstimulus sinks into capex funk - February 25, 2021
That’s OK, I’ve given up on try to save AUD anyway. If the banks don’t really want my money I’m happy to oblige and move it elsewhere.
Nah you didnt hear him. It was neg rates for Institutionals and Corporates. Retail usually OK.
lol, I probably should have watched the video rather than just reading the headline.
I knew from the click bait headline he wasn’t going to say that.
” QE will be the only policy they have available to them “.
” Bonds to rise to 1.25% ”
” AUDUSD to push high into 0.80 “.
So yeah… 2021… a year of money printing.
Uncle ScoMo is the man with the money. Its Mr Bling. The man with the cash. Who’s been naughty and who’s been nice. Who will Uncle ScoMo give his money to this time? We can just keep printing until the Aussie Dollar ends up practically worthless.
We know a huge chunk will be going into houses.
Its been a pretty eventful 2020. A lot of stuff has happened this year. So we are all thinking 2021 will be stable. Im not so sure about that.
Yep. No way I’m paying for the bank to use my money. Just not happening. Hope Bill Evans likes bank runs.
But remember the deposit guarantee is worthless and LNP/Lab have ensured that there will be deposit bail-in.
Personally, I’ve become much more positive on Oz
– rising commodity prices lifting ToT and nominal GDP
– this will boost State and Commonwealth budgets
– massive fiscal transfers have been saved and those funds can be spent as consumers become more confident
– labour market recovering and wage growth set to pick up – at least a little
– inflation set to our perform the doves
– business investment to remain weak but residential is clearly recovering and mining set to recover too
Plenty can go wrong of course, but the arrow is now ☝🏻
Rainbows and unicorns!
And happy endings!
This is economic orgasm for Bill – nothing more enjoyable than to see retail depositors r.ped. Oh what a feeling! Should pop in on Captain Phil and crack open a bottle of Cristal to celebrate the destruction, literally and figuratively, of savers and depositors.
Bill said ”corporate and institutional deposit rates” not retail depositors. DLS’s title is a bit alarmist, like he’s started writing paid articles for Domain or Nathan Birch??
Thin edge of the wedge for Bill – when retail depositors are destroyed, would be the ultimate delight.
I guess we can optimistically look forward to an increase in the muggings and stabbings statistics, as all and sundry; the elderly especially, start informing the teller that they’ll “Take that in $100 notes please”.
Never been a better time to buy!
Financial repression…buy stawks!
Heaps of the cash will head there anyway…and property, unfortunately…
Remember when Australia actually had Jobs? Those where certainly the days.
Now the Government blackmails you for money.
Chuck another A$100 bn on the barbie!