Why “Mad Adam” is wrong on the Aussie economy

Advertisement

By Leith van Onselen

It seems you can’t keep a good perma-bull down. “Mad” Adam Carr today has penned another post in Business Spectator seeking to “unmask the income recession myth”, pointing to among other things, Australia’s record housing wealth:

One of the most interesting features of the Australian economy is just how dour everyone appears to be. It’s bizarre, especially when you note that our key economic stats show things are very good.

The full text of this article is available to MacroBusiness subscribers

$1 for your first month, then:
Cancel at any time through our billing provider, Stripe
About the author
Leith van Onselen is Chief Economist at the MB Fund and MB Super. He is also a co-founder of MacroBusiness. Leith has previously worked at the Australian Treasury, Victorian Treasury and Goldman Sachs.