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Tim Sims, managing director of Pacific Equity Partners, appeared on ABC Radio this morning and outlined why he believes Australia’s mining boom was a “hollow” and “disruptive” event that has diverted foreign investors away from the economy’s strong underlying fundamentals:
The most worrying thing is a misunderstanding among the international investment community about the experience we’ve just been through.
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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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