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Find below an executive summary of Deloitte’s new Business Outlook. It’s more bullish than I am in terms of the timing of the coming downturn in mining investment and any rebound in non-mining activity (thus Deloitte’s “pot hole” is my potential “crater”), but its concentrated form is a quite useful primer on the 2013 bull trap for Australia that I have described.
MR – Deloitte Access Economics Business Outlook December Quarter 2012.pdf
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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.
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