Macro Afternoon: 9 April 2021

Aussie Dollar


Euro Dollar


Dollar Yen








S&P 500


Latest posts by Gunnamatta (see all)


  1. SweeperMEMBER

    Journalism and the puntertariat are finally cottoning on to the emptiness / incompetence of the sco mo travelling circus.

    Wonder how long it will take them to realise how fortunate we are to have competent and real leaders like Dan Andrews.
    Thank God for federation. Without it we would be South Dakota minus the vaccine rollout.

  2. TailorTrashMEMBER

    So did Mr Becker get covid or have a nervous break down when he didn’t have Trump to kick around any more ….or is he just on gardening leave

    • The Travelling Albatross

      Easter break, having pinacolladas and enjoying relieving massages , also as I heard enjoying a party or two at Reusa’s , swinging and slides parties in the park

    • SweeperMEMBER

      that article isn’t really correct.
      the eurodollar system *does* require physical US dollars (or US base money) to settle transactions.
      eurodollar banks can only issue eurodollar deposits if they have access to Fed dollars. Where this isn’t the case they move into the “onshore” fed funds market and borrow Fed dollars pushing up the Fed Funds rate. This happened during the GFC before Geithner set up the swap lines.
      People think there is some mysticism to banking when there isn’t. eurodollar banks really do need green pieces of paper. They first got them through oil recycling.

  3. TailorTrashMEMBER

    Scomo is 52 ..and he got the Pfizer vaccine
    ……not walking the walk and talking the talk ..


      But he raised the house prices which crushed the virus in its tracks. For that we are eternally grateful 🙏

      • The Traveling Wilbur

        Indeed. COVID-19 would have been much more communicable without Scummo having inflated house prices the way he and his government did.

        Think about it.
        Astronomical house prices in the cities and in regional areas across all states. During a pandemic. Yuge increases. Absolutely yuge.

        Meaning no one had any money to do anything with but pay their mortgage or save to get one.

        Thereby stopping socialisation and virus spread in its tracks as almost everyone was stuck at home force-feeding themselves a baked-bean-based diet.

        And now, thanks to preferencing AZ for months we’re in for another 6 months minimum of the same. House prices to the moon and infections to post doughnuts for months. Brilliant health-outcome-oriented leadership. Unparalleled in the anals of pandemic response management.

        A nation full of prosperous, cashed up and primed to buy house hunters who aren’t going to die of the COVID. Yet more genius LNP policy implementation.

        In related news: I look forward to the government’s forthcoming vaccine buy-back programme no doubt to be managed by Angus Taylor.

        • It’s ScoMo’s peak of all peaks – his national Engadine moment, the country is now full of excrement, and he’s standing in the middle of it, telling us it’s chocolate thanks to a deal of the century he cut with Willy Wonka!

          • The Traveling Wilbur

            Well, actually… it really is pretty genius level to stuff up ordering a life saving vaccine to the point where the vast bulk of your order hasn’t been filled at the time the world discovers that you don’t really want to be pushing that vaccine into most people after all. Hunt clearly figured that out already today – the change in his tone (literally) was like night and day; couldn’t keep the smirk out of his voice. As I say; genius level.

            Shame about the whole local manufacturing AZ build up and spend. Hunt clearly forgot about that.

            I hope someone reminds him.

          • It’s all by design… ‘someone’ got the contracts to build, someone will have contributed to the election fund. Hakuna Matata!

            Come to think of it, the Australian government is like a Buttcoin mining operation: show proof of work resolving a pointless problem, build a useless building, so that you can get on ‘the ledger’ … once you’re there, you’ve made it! You are “it”…

  4. SweeperMEMBER

    2nd dumbest trading idea (after crypto) of all time.
    Shorting Treasuries at these yields when there are still $13T negative yielding bonds globally with greater credit & currency risk.

  5. reusachtigeMEMBER


    Faith in the Lord is the most powerful faith! Those that disrespect the house of the Lord will be damned to eternal extreme pain and supreme sufferings through endless burnings in the fire pit of hell. It is written as fact.

    • The Travelling Albatross

      I suggest you open a branch of religion of your own, trust me you’ll make way more money than flipping houses

      • Alternative harries

        I read his comment three times. By the end of the second read it was clearly a subliminal plug for Bunnings. And that fire pits could be located on the 7th level by the end of the third.

      • Not if you’re using the bags of wood available at the same place, they’re not quite so endless. In fact, they’d be the most expensive, barely singeing flames of Heck.

  6. 4,200 we come

    Did Becker get the arse?

    If he was on holiday it would have been mentioned that he’ll be back doing the afternoon links next week.