Pete Wargent blogspot

PERSONAL/BUSINESS COACH | PROPERTY BUYER | ANALYST

'Must-read, must-follow, one of the best analysts in Australia' - Stephen Koukoulas, ex-Senior Economics Adviser to Prime Minister Gillard.

'One of Australia's brightest financial minds, must-follow for accurate & in-depth analysis' - David Scutt, Markets & Economics Editor, Sydney Morning Herald.

'I've been investing 40 years & still learn new concepts from Pete; one of the best commentators...and not just a theorist!' - Michael Yardney, Amazon #1 bestseller.

Monday 5 August 2019

Zero lower bound

Barry Crocker

How's your week going so far?

AiG's PSI services gauge plunged by 8.3 points to 43.9 for an epic contraction in July.


Only one month's result, of course, but an atrocious result in anyone's language.


The Aussie dollar has now breached 68 US cents to the downside.

Zero rates by the end of the year?

Oof, indeed!

---

Aussie dollar smoked down to 67.55 cents.