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Aus Rate cut

Summary:
Trump has a logical point here... maybe Monetarism works differently in the southern hemisphere?Australia’s Central Bank cut interest rates and stated it will most likely further ease in order to make up for China’s Coronavirus situation and slowdown. They reduced to 0.5%, a record low. Other countries are doing the same thing, if not more so. Our Federal Reserve has us....— Donald J. Trump (@realDonaldTrump) March 3, 2020

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Trump has a logical point here... maybe Monetarism works differently in the southern hemisphere?

Mike Norman
Mike Norman is an economist and veteran trader whose career has spanned over 30 years on Wall Street. He is a former member and trader on the CME, NYMEX, COMEX and NYFE and he managed money for one of the largest hedge funds and ran a prop trading desk for Credit Suisse.

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