Mad Adam sees consumer stampede

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From Mad Adam:

As the debate over the strength of Australia’s economy rages, there are growing signs that a key — and often forgotten — force is awakening. That is, the good old Australian consumer.

…Of course, the government’s decision to lift write-offs for small business helped to boost recent sales to some extent. Yet it would be too simplistic to attribute this performance solely to the temporary impacts of that policy.

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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.