Westpac warns

This wont improve the market mood:

There’s nothing quite like an open ended profit warning.

David Llewellyn-Smith

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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Comments

    • CaptainFeatherSwordsGhost-TheReturn2

      Father in law delivers bricks for Boral in Brisbane. Demand is WAY DOWN. They are shutting one their brick yards in south west brisbane due to huge drop in demand.

      Dont buy now kiddies

  1. DefinitelyNotTheHorribleScottMorrisonPM

    Underpromise, over deliver. This seems like a screaming BUY to me. It’s a great way for lifters to share in mass prosperity.

  2. Meanwhile

    Royal Commission recommendation being snubbed by the current treasurer

    https://outline.Com/vs5he4

    But apparently labor still plan to implement all but one…

    This needs to be publicized by Macrobusiness so more people are in tune

  3. Westpac – my pick for the first to ask for the gov guarantee.

    …pushes up dealers arm bands, straightens cap peak and draws in on cigar in a shady back table in the Macro Business bar… “Ladies and Gentlemen, would anyone like to place a bet on the first bank to fold? “