No, Alan, business won’t invest

Monday, 27 February 2017

The AFR ran a happy piece on the weekend that filled up some blank space but really deserves a bit of a caning:

It’s up to business now to carry the flag.

Money is cheap, the dollar is low, global confidence is rising alongside commodity prices, and even on the normally barren turf of industrial relations there has been a big win with this week’s Fair Work Commission decision to cut Sunday penalty rates.

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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.