Australian dollar falls to Scott Morrison’s IQ

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The forex market gave up a very interesting signal last night. The US dollar was strong and EUR weak in a continuation of the recent trend. Saliently, the Australian dollar was the standout weak currency, falling directly to Scott Morrison’s IQ of 75, a measure indicating either very low intelligence or borderline Neanderthal intelligence depending upon which scale you wish to use:

Scott Morrison's governing IQ of 75

Scott Morrison’s governing IQ of 75

As 12 million Australians are locked down after 18 months of fantastical blundering by the Morrison Government in failing to centralise quarantine and get its hands on a decent vaccine, it’s a wonder the Pacific peso is still above 50.

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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.