Australian Sobriety: Monetary Policy, The Right Way...

This is easily one of the best Macro charts in the league. The Reserve Bank Of Australia's czar, Glen Stevens, has nailed the global macro call every step of the way.

Look at this chart below. Today, that 75 basis point drop you see in the blue part of the chart was a man with a plan. Stevens not only predicted that commodity inflation would go higher, faster, but he proactively managed his country's reserve rate to that proactive prediction. Now he is one of the sober few who has both a rate a of return to deliver to those in his country who save, and some room to breathe. He’s at 5.25% and “Heli-Ben” is at 1%.

My hat is tipped to you, Sir Stevens - great job!
KM