Australia Day links

Houses and Holes

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 fouding 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.


  1. Adam Carr one of those inflation obsessed banking economist who wouldn’t know “full capacity” if he fell over it.

    >”The question is, why is inflation lower for the third quarter in a row? What’s driving it? Are inflationary pressures truly moderating? The persistent, underlying pressures?”

    I will translate it for you.

    “I don’t know what I am doing. Why does my model not fit reality? I can’t possibly be wrong, it must be the data”

    Funniest thing I have read for a while.

    Happy Austrlia Day David and Co. You are doing a great job. Australia Day medals for all of you !!

    Jim Walker