By: ssec

In reply to Rajat. Looking at the graph, broad money looks coincident to me.... and it's also interesting to see that when it falls y/y below 5% it seems then to collapse to 0%. If I had to put my money on the future of broad money, I think we will get an election mini-jump for a quarter or so, with the RBA on hold, then back down towards 0% and RBA delivering further cuts in 2014. Broad money falling also points to a generally stronger than expected AUD and cash will still be king.