Australian dollar crashes with everything

DXY held on as safe haven flows pick up despite the new super EUR.

AUD crashed against everything.

Lead boots stable

Oil needs to be in the $50s.

Commods are far too high for a US recession.

Miners = dogs.

EM likewsie.

Junk is serene. Maybe it needs to break to flush this bearish impulse.

Yields falling but nowhere near enough.

As stocks become the disinflation mechanism.

If a US recession comes owing to Trump cuts and chaos, it comes everywhere.

BCA Research.

There is a plan here:

• Engineer a recession to kill inflation while imposing tariffs to restructure supply chains.
• Blame Biden for recession.
• Ride the restructured economy with lower rates to the new Golden Age!

Rates need to go much lower before it works. Markets deflating ASAP aids the plan.

AUD going lower.