Australia’s preposterous tech bubble

I’ll just leave this here for your consumption:

Check out the forward earnings P/Es for Australian health and wider tech versus the US.

That must be because we’re the global powerhouse of tech innovation:

Admittedly these same firms are some of the nation’s best offshore earners so will benefit from the falling AUD so that’s some insurance.

But, jeez, is the AUD going to halve? No. This is a bubble built on sheer desperation. There is nothing else to buy in our profitless economy, dominated as it is by rent-ravaging miners and dying banks.

Whoops.