CBA: Christmas spending crashed

David Llewellyn-Smith

Thursday 10 January 2019

Australia’s most bullish senior economist has come face to face with fact this morning. From Michael Blythe at CBA:

Hoocoodanode that crashing house prices and wages would kill consumption?

The lunatic RBA is miles behind the curve.

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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.