Would you make consumers poorer then rely on them to spend?

Thursday, 7 December 2017

No, you wouldn’t. Because you’re not stupid. But that’s the RBA and Treasury strategy for Straya in 2018. First, the Real Estate Treasurer:

Treasurer Scott Morrison said the “positive set of numbers” had been driven by investment from the public and private sectors. “Our growth story is primarily an investment story,” he told reporters in Canberra on Wednesday.

Mr Morrison said the federal government had now succeeded, over the past two years, in turning around business investment to be above the 20-year average.

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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.