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Joe Hockey obviously doesn’t believe in the expression: “under promise then over deliver”. Because if he had, there is no way that he would have said the following yesterday in relation to Australia’s March quarter national accounts:
“We’ve had a terrific set of numbers that came out today and those numbers have proven that there are some clowns out there that are talking about recession and dark clouds on the horizon”.
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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.
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