Australia Day Data paints a picture.
- Clifford Bennett, Chief Economist at ACY Securities
- 25.01.2022 10:45 am #stocks , Clifford Bennett has over 36 years of market trading experience and was named the 'World's most accurate currency forecaster' by Bloomberg New York. He has advised some of the world's largest organisations, billionaire investors, and political leaders and spoken at the prestigious APEC summit on reserve currency issues. Clifford is the Chief Economist at ACY Securities.
Wishing everyone a Happy Australia Day!
We do have that going for us.
NAB Business Confidence Index
Collapsing.
Inflation
Rose to 3.5% in Q4 as the RBA declared nothing to worry about. Yet again?
Consolidating in this new higher range, inflation is only likely to continue to push higher as true supply chain disruption and the excuse of it lead to further price hikes.
With one of the world's lowest performing central bank's (OECD special report) and highest paid central bank Governor's (three times the US Federal Reserve Chair), there is no telling just how bad the situation can get. Inflation accumulates long term damage in any economy in which it takes hold. Consumer retrenchment and working families struggling to make ends meet is always the inevitable outcome.
With the Reverse Bank of Australia at the beach and enjoying their ridiculous by world standards salaries, we can only hope a new government would do what the Morrison government should have done a long time ago. Sack them and get some intelligent monetary policy happening in this country.
AUS200
Rolling over as forecast this morning from that high point.
Target remains 6800.
AUDUSD
The attempted bounce back looks to have been rejected already.
Target remains 65 cents this year.
Wishing everyone the best of the Spirit of Australia.
We all have much to be grateful for.
Clifford Bennett
ACY Securities Chief Economist.
The view expressed within this document are solely that of Clifford Bennett’s and do not represent the views of ACY Securities.
All commentary is on the record and may be quoted without further permission required from ACY Securities or Clifford Bennett.
This content may have been written by a third party. ACY makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or other information supplied by any third-party. This content is information only, and does not constitute financial, investment or other advice on which you can rely.
