Saturday, 24 September 2011

Ozzie, Ozzie, Ozzie! Oi! Oi! Oi!

Kris Sayce and Murray Dawes came out this week with some great analysis on the South Pacific Peso. I read it on Money Morning (daily newsletter and its free)

Australia: The World’s Investing Casino

That’s one of the things we love about the market… especially free markets. Its habit of making fools out of fools… especially those who think they can manipulate the market as they see fit.
Of course, there’s every chance the market will lose its senses again. And the mainstream clowns will once more crow, “You see, the Aussie is a reserve currency… it is a safe haven.”

That last gem came from The Pascometer (what the Pascometer indicates, do the opposite).

(click on chart to expand)

As an aside... 
Things Bogans Like #238 – The Australian Dollar

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