It’s Coming…
Another wild one this week; the volatility continued here and overseas. At the time of writing this note, we had risen a total of 9 points for the week but will have changed by the time you receive this. We’re sending today’s weekly prior to the end of trade because we are moving offices- 20 metres down the road in fact.
Our new digs are:
Level 36/120 Collins street, Melbourne.
Come and visit us for a meeting when you get a chance.
Back to the subject at hand: the reason for much of the volatility is due to the re-emergence of inflation indicators both here and overseas. Honestly, I’m stunned it’s taken this long.
Global money printing has been creating confetti at record levels for record time and was bound to have an impact on inflation at some point, and now the US employment picture is improving rapidly with as many jobs available as there are people out of work. Breaking down the dramatic rate of money production, Central banks around the world have bought/printed US$1billion of money every hour since February last year; US$8.6 trillion.