So we have official QEIII lift-off. Sadly, the euphoria will not last long as the law of diminishing returns will hit pretty quickly and people will remember why the central banks are having to do these extraordinary measures.
The longer term winners will be precious metals.
Interesting the US with all its irreversible problems is down 15% when Australia, with all its natural advantages and supposedly best western economy, is down 50%.
What is the market trying to tell us in Australia?
