AUD/USD : 50 Years of Price Discovery. Threads of Future HistoryAll productive feedback, suggestions and open discussion welcome.
*Detailed supporting screen caps to follow shortly
FX_IDC:AUDUSD
AMEX:FXA
* All text below is cc of above chart text.
The Unfortunate Yet Fierce Bear Case.
*Disclaimer: I'm Australian & taking financial
action based on own prescriptions.*
-Fortress/Draconian Cvd19 Australia
*Negative International Perception.
*International travel Cvd19 restrictions.
*Temp immigration freeze, temp negative
population growth.
-Corporate JobKeeper scandal, tldr :
*Billions given to large Aus corps, many
reporting record profits as online Cvd19
retailers etc.
-No Govt call to account, no 'free money' yet
paid back by corporations.
-Individual citizens receiving 'over-payments' of
Cvd19 benefits being aggressively/publicly
pursued.
-China moving to 'moderate prosperity" growth
model.
*slowing demand for Australian
commodities.
-Reserve Bank of Australia's monetary policy of
*ZERP, YYC and "Questionable" QE that reads
like Primary market Bond purchases aka,
*monetisation of Federal and State debt
issuance.
-Federal/State economic policy of housing price
increases and mining industry protection.
*Houses n' Holes economy.
-Risk of Australia's Govt credit rating being
downgraded.
-Zero increases in Real wages since 2011.
*Risk of further populist civilian unrest
All I ask of you, is to observe closely and think deeply, for yourself.
Thank you for your consideration.
dMR
