McGrathmageddon blows up again

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It’s the failure that just keeps on giving:

Or, we are at the threshold of a global shock as China is forced to go ex-growth just as the RBA runs out of ammo and a bulk commodities rout rips the heart out of the Budget limiting fiscal stimulus as stock market crash bunkers the consumer. All of which lands on a still weak property market.

Never talk down the market.

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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.