• Clifford Bennett, Chief Economist | World’s most accurate currency forecaster at ACY


• 21.02.2022 04:30 pm
#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.

The Ukraine situation is clearly in a downward spiral, and seems more like an 85% probability of invasion at this point.

Equity markets and Euro sit on the edge of a collapse that will be more profound than the market anticipates or is positioned for.

Australian data: Small private surveys today suggested economic improvement over the past month. Which is of course accurate but in no way reflects the medium to long term outlook from here. Still sub-trend below potential growth accompanied by high inflation and a 'fell asleep at the wheel a long way back' RBA.

Australia Services Activity.
Swings back, which is great to see, but this is all part of a rollercoaster ride that will see the Australian economy settle in sub-potential terrain medium to long term.

China New Home Prices Stall.
Average Prices in China's 70 largest cities are at risk of moving into negative territory. In lock step with the long term re-settling of the China economy to lower but still impressive levels of growth. The easy money property boom is very much a thing of the past.

Japan Recovery did not last long.
Services PMI hits a 21 month low.
Manufacturing PMI stalls too.

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.

The Ukraine situation is clearly in a downward spiral, and seems more like an 85% probability of invasion at this point.

Equity markets and Euro sit on the edge of a collapse that will be more profound than the market anticipates or is positioned for.

Australian data: Small private surveys today suggested economic improvement over the past month. Which is of course accurate but in no way reflects the medium to long term outlook from here. Still sub-trend below potential growth accompanied by high inflation and a 'fell asleep at the wheel a long way back' RBA.

Australia Services Activity.
Swings back, which is great to see, but this is all part of a rollercoaster ride that will see the Australian economy settle in sub-potential terrain medium to long term.

China New Home Prices Stall.
Average Prices in China's 70 largest cities are at risk of moving into negative territory. In lock step with the long term re-settling of the China economy to lower but still impressive levels of growth. The easy money property boom is very much a thing of the past.

Japan Recovery did not last long.
Services PMI hits a 21 month low.
Manufacturing PMI stalls too.

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.