The Ring of Fire
I have not really figured out what the ring of fire in the chart below is saying but I thought it looked interesting and topical and colourful so I thought I’d share it.
The Ring of Fire
It is taken from an article at PIMCO (an investment management firm).
Australia isn’t inside the burning hoola hoop and apparently that’s a good thing.
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lol… No idea what the ring of fire is either – though judging from the arrow in the middle, I assume it thinks they’ve reached some sort of tipping point? (Too lazy to read the whole article)
Of course, Australia will continue to move to the right as long as ALP is in power. Just think – we’re we were on that chart a few short years ago.
Schiff recently made a nice video about this. Australia had a 20% deficit/revenue (the metric Schiff uses) last year, which is a lot better than the USA & Greece, which he mentions.
At least no one is asserting that the CAD is the problem.