It may be that us armchair commentators of the east enjoy a bit of giggle at the bumbling of Colin Barnett and his failing budget. But there are a few data points today that suggest that something very serious indeed is baring down on our Western cousins and they are beginning to awaken to it.
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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.