Winter is coming for SloMo

Friday, 3 April 2020

SloMo has done better since last weekend when the entire nation was heading in a different direction. Stimulus attempt IV, DoleHider (JobKeeper), was the key policy shift but there is more. The discredited Brendan Murphy has disappeared in favour of SloMo’s daily briefings. And yesterday we saw free childcare for essential workers (which presumably includes the CFMEU virus super spreaders so it will be popular with labor’s heartland) which yokes the ‘pride of the nation’ vote to SloMo.

SloMo is being aided too by the flattening curve:

But! David Crowe sums it up:

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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.