Now Qantas warns on consumer sag

Advertisement

The sag is clearly on in interest rate sensitive sectors:

Capture

Momentum in the interest rate sensitive sectors was all we had to carry us through the combined headwinds of the second half. Goodbye hopes for non-mining capex…

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.