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The RBA’s happy idiots have gotten their hands upon the Statement of Monetary Policy. For as far as the eye can see it is alllllll gooooood:
And this one for good measure:
ToT to stay at the highest pre-boom level ever just because.
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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.