Markets “prefer” ScoMo for PM. And?
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Via the AFR comes Chris Joye, the ScoMo fanboy:
On Thursday, an overseas investment bank opined in a note to clients that as Prime Minister Morrison would be received “positively by the markets and see some recovery in the Australian dollar and risk [appetite]”.
“Morrison is a solid Treasurer, business friendly, and has put the budget back on track to surplus,” the investment bank continued.
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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.
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