From Australia’s best salesman, Chris Joye:
And while the insurgents left his party in tatters, there is hope that Turnbull’s successors, Scott Morrison and Josh Frydenberg, will cauterise the wounds.
If Morrison can delay the election until May next year, he should be able to contest it with the budget in surplus on a rolling 12-month basis… a surprisingly powerful tailwind.
And if Morrison pulls off a miracle and wins the next election, his deputy, Frydenberg, has a shot of becoming our most successful treasurer since the inimitable Peter Costello via the delivery of a string of strong surpluses.
First, an acknowledgement that Chris got the politics right last week, calling a Morrison win when Dutton was everywhere.
Second, the reality. Chris once challenged Jeremy Grantham to a staggeringly large bet on Aussie house prices. Whether or not he was serious is besides the point, it was a marvelous public relations coup for Rismark. Today’s sell is a lot tougher and if I could think of some suitably elaborate and leveraged challenge I would take the other side of the bet.
Morrison and Frydenberg have been handed the single greatest poison chalice in the history of Aussie politics. Barring a meteorite landing on the entire Labor front bench, the Morrison’s political career is over in nine months. Frydenberg’s will be lucky to survive.
