Full house lunatics: RBA deputy governor goes under deflation bus

We’ve seen suicide bombings by Ian Harper, Phil Lowe, Christopher Kent, Michelle Bullock, Luci Ellis and today it is Guy Debelle:

Thank you very much to AmCham for giving me the opportunity to speak in my home town of Adelaide.

Today I am going to discuss the Bank’s assessment of the current economic situation both in the world and in the Australian economy. I will also talk about some of the key uncertainties about the future economic path. In particular I will highlight the tension between labour market data and output data not only here in Australia but also in a number of economies around the world. How that tension resolves in the period ahead will be an important determinant of the future path of monetary policy.

The Global Economy

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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.