I know it’s the job of pollies to prop up confidence when things turn a little rocky but let’s at least keep the comments credible, from Andrew Robb:
“Everyone has been anticipating some sort of correction up here so I don’t think it’s a surprise now that it’s happened,” he told Hong Kong radio station RTHK on Wednesday morning.
“What I think will happen out of this correction is that even more money will be looking for a safe haven in Australia,” he said.
“My expectation is that this will accelerate the level of investment inquiries coming into Australia across all sorts of areas of activity.
In tourism, sure. Everything else forgedaboudit. The dollar isn’t falling because capital is piling in, Andrew.