There’s nothing like starting your week with a kick to the guts. The Aussie market was doomed before trading began today with Friday’s shock result by GE in New York. But it’s the collapse of yet another Australian broker, Lift Capital and its 1,600 clients, which threatens to swamp the Aussie market this week.

Never did God give man such a sunny day that the authorities couldn’t make it rain. As near as we can tell, nature favored Argentina as she did few other places.