Goodbye Botox Boom

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It was here for a good time not a long time. That nice little convergence that we saw the end of the property bubble overlap the start of the infrastructure boomlet and the NDIS that MB christened the Botox Boom.

Well…it’s over, via ANZ comes all major Botox states falling away:

It will get much worse as:

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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.