Pascoe paid to slam cash-for-comment bears

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By Leith van Onselen

Fairfax’s Michael Pascoe posted a triumphant piece yesterday on the “spectacular” jump in non-mining exports, which are offsetting falls in exports of Australia’s major commodities:

One of the problems with our attention-deficient, spoilt-brat markets and general economic commentariat is that punters demand immediate results from fundamental shifts. The real world doesn’t operate like that.

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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.