Brace for WA ground zero

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Colin Barnett, perhaps Australia’s most obtuse political leader (though he’s got hot competition), announced over the weekend that:

…his state will “bounce back just as quickly as it has done every other time” from the economic slowdown brought on by the end of the resources construction boom and the falling iron ore price.

Mr Barnett yesterday opened the In the Zone forum at the University of Western Australia, saying the leaders forum that began in 2009 was “broadening our relationship with our Asian partners and indeed adding depth and ­diversity to that relationship”.

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About the author
David Llewellyn-Smith is Chief Strategist at the MB Fund and MB Super. David is the founding publisher and editor of MacroBusiness and was the founding publisher and global economy editor of The Diplomat, the Asia Pacific’s leading geo-politics and economics portal. He is also a former gold trader and economic commentator at The Sydney Morning Herald, The Age, the ABC and Business Spectator. He is the co-author of The Great Crash of 2008 with Ross Garnaut and was the editor of the second Garnaut Climate Change Review.