$80b off the value of the ASX because Powell conducts these stupid valueless press conferences after rate decisions, and what does Australia do, copy. Just let the markets adjust on their own. Powell is effectively the most power man in the world. US markets were flat yesterday after the rate cut, then he spoke, hypnotised and the markets plunged. Trillions gone.
Ann: Commencement of Production at Lance Project, page-49
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