D&B business expectations dreamin’

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Dun and Bradstreet business expectations for November are out and show what tripe the RBA has been spouting. Business expectations, which we’ll take a proxy for confidence, remain very high but sadly actual conditions are only OK and fading.

Hopes for sales are near the moon but the realty is meh:

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Hopes for profits are passing Saturn but the reality is meh:

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Hopes for employment are traveling through the outer Solar system but the jobs are meh:

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Hope for capex is fast returning to earth:

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Hopes for inflation has shot to another galaxy while actual is somewhere out near Pluto:55

That lot throws up this, all dressed up and nobody to sell to:

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Confidence does not an economy make. An economy makes confidence.

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.