Good morning from Sydney where Santa Claus runs around in shorts and 40 degrees celcius weather…
Instead of long winded travel note I am giving you an interview done btw me and Rivkin's Scott Schuberg, where Scott does a great job of asking the right macro questions plus an article from AFR – the FT down here on AUD.
This week in Asia (Tokyo and Sydney) taught m:
- The negative China view remains ''prefered view of consensus"
- Japan is going from bad to worse – Abenomics 2.0 is a farce – next? Less monetary and more fiscal stimulus?
- Commodities and EM remains unloved….at the 99% quartile
- There is new optismism in Australia - risk remain highly leverage housing and consumers. RBA is done on downside from now..
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Final note
Stanley Fischer again 'promises' December?
http://www.cnbc.com/2015/11/19/feds-fischer-on-rate-hike-dont-want-to-surprise.html
Thank you to my great colleagues in Tokyo and Sydney for looking out for me…….
Safe travels,
Steen
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