Macro Business

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Macro Business

No nonsense analysis of the Australian and global economy and the effects on your assets and business. Read more about us at macrobusiness.com.au/about

MacroBusiness was formed by four bloggers who reckon the gap between the Australian business media and reality has widened to a gulf. That this is possible without the heavy-hand of a dictator is testament to the power of vested interests, monopolies, weak government, closed ideologies and a perennial culture of populism. In effect, it means our leadership class can make unaccountable economic and

business blunders, or, they are measured against entirely inappropriate yardsticks. At MacroBusiness we use reason, history and ideas to bring you a bigger picture of the choices we face for our economy, businesses and investments. We are the hedge fund of Australian business media. We are business media noir. We are MacroBusiness.

29/09/2021

https://www.macrobusiness.com.au/2021/09/australian-dollar-scorched-by-greenback-rocket/

Behold the greenback rocket. DXY to the moon and EUR to the dirt: Australian dollar was monkeyhammered: Gold is toast. Maybe oil too: Base metals were hit. Copper is forming a bearish descending triangle. Meaningless unless it breaks: Big miners held on grimly: EM stocks do not flourish as DXY roars...

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