Chart of the Day: Decoupled from reason – macrobusiness.com.au<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"First, from long term successful commodity trader Peter Brandt: It has come to be known as the \u201crisk-on\/risk-off\u201d or \u201call-one-market\u201d phenomena in global markets. It is a situation where seemingly unrelated markets have taken on an historically high correlation. Individual markets seem to be the proxy for all other markets. I have witnessed periods in … <\/p>\n
Continue reading “Chart of the Day: Decoupled from reason – macrobusiness.com.au”<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","_jetpack_feature_clip_id":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[57,34],"tags":[837,1570],"class_list":["post-828","post","type-post","status-publish","format-standard","hentry","category-stock-markets","category-us-canada-countries-regions","tag-correlation","tag-global-markets"],"yoast_head":"\nChart of the Day: Decoupled from reason - macrobusiness.com.au - the patient investor<\/title>\n<meta name=\"robots\" content=\"noindex, follow\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Chart of the Day: Decoupled from reason - macrobusiness.com.au - the patient investor\" \/>\n<meta property=\"og:description\" content=\"First, from long term successful commodity trader Peter Brandt: It has come to be known as the \u201crisk-on\/risk-off\u201d or \u201call-one-market\u201d phenomena in global markets. 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Renewed funding pressures\u2026","rel":"","context":"In "Australia & NZ"","block_context":{"text":"Australia & NZ","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/countries-regions\/australia-nz-countries-regions\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":865,"url":"https:\/\/thepatientinvestor.com\/index.php\/2011\/09\/20\/the-beggar-thy-neighbor-correlation-david-merkel\/","url_meta":{"origin":828,"position":1},"title":"The Beggar-Thy-Neighbor Correlation – David Merkel","author":"ColinTwiggs","date":"September 20, 2011","format":false,"excerpt":"There are many reasons proffered for the increase in global equity market correlations \u2014 I would like to offer one more: competitive devaluation of currencies, a.k.a., the race to the bottom. Almost all nations are looking to cheapen their currencies in order to encourage exports. via The Beggar-Thy-Neighbor Correlation -\u2026","rel":"","context":"In "Forex"","block_context":{"text":"Forex","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/forex\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":2242,"url":"https:\/\/thepatientinvestor.com\/index.php\/2011\/11\/20\/praise-for-good-regulation-macrobusiness-com-au\/","url_meta":{"origin":828,"position":2},"title":"Praise for good regulation – macrobusiness.com.au","author":"ColinTwiggs","date":"November 20, 2011","format":false,"excerpt":"[Economist Stephen King] is generally quick to remind us that regulation creates markets. Without property law and contract law, markets, as we know them, won\u2019t be able function at all. The framework in which to understand regulation is that good regulation creates functional markets and balances benefits between market players\u2026","rel":"","context":"In "Australia & NZ"","block_context":{"text":"Australia & NZ","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/countries-regions\/australia-nz-countries-regions\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":13012,"url":"https:\/\/thepatientinvestor.com\/index.php\/2016\/03\/15\/the-best-indicator-of-house-prices-points-down-macrobusiness\/","url_meta":{"origin":828,"position":3},"title":"The best indicator of house prices points down | MacroBusiness","author":"ColinTwiggs","date":"March 15, 2016","format":false,"excerpt":"From Leith van Onselen Among all of the factors that drive house price growth, arguably the most important is the flow of housing finance commitments, which has shown an incredibly strong correlation with dwelling price growth over recent decades. The above chart tracks RP Data\u2019s annual dwelling price growth at\u2026","rel":"","context":"In "Stock Markets"","block_context":{"text":"Stock Markets","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/stock-markets\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/thepatientinvestor.com\/wp-content\/uploads\/2016\/03\/screenhunter_12022-mar-15-06-37-660x514.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/thepatientinvestor.com\/wp-content\/uploads\/2016\/03\/screenhunter_12022-mar-15-06-37-660x514.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/thepatientinvestor.com\/wp-content\/uploads\/2016\/03\/screenhunter_12022-mar-15-06-37-660x514.jpg?resize=525%2C300&ssl=1 1.5x"},"classes":[]},{"id":1135,"url":"https:\/\/thepatientinvestor.com\/index.php\/2011\/10\/04\/bull-versus-bear-is-dead-macrobusiness-com-au\/","url_meta":{"origin":828,"position":4},"title":"Bull versus bear is dead – macrobusiness.com.au","author":"ColinTwiggs","date":"October 4, 2011","format":false,"excerpt":"As the S&P500 rocketed into the close this morning on yet another European bailout rumour, it occurred to me just how broken the equity market is right now. We are trapped in bear market dynamics of grinding sell-offs punctuated by explosive short-covering rallies with no end in sight. ..... Days\u2026","rel":"","context":"In "Stock Markets"","block_context":{"text":"Stock Markets","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/stock-markets\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":5750,"url":"https:\/\/thepatientinvestor.com\/index.php\/2012\/10\/13\/the-high-frequency-trading-threat\/","url_meta":{"origin":828,"position":5},"title":"The high frequency trading threat","author":"Colin Twiggs","date":"October 13, 2012","format":false,"excerpt":"Extract from a paper by Tom McDonald at the Australian Risk Policy Institute (ARPI), as quoted by Sell On News at Macrobusiness.com.au: The principal purpose of capital markets is to facilitate the efficient allocation of capital across industries, and by extension, society, and via efficient means of allocation, create financing\u2026","rel":"","context":"In "Stock Markets"","block_context":{"text":"Stock Markets","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/stock-markets\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]}],"jetpack_featured_media_url":"","_links":{"self":[{"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/posts\/828","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/comments?post=828"}],"version-history":[{"count":0,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/posts\/828\/revisions"}],"wp:attachment":[{"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/media?parent=828"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/categories?post=828"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/tags?post=828"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}