Lunatic RBA smashes Aussie services recovery

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Good job, RBA:

Services PMI

Well done, RBA. There are no broad wage pressures at all but the RBA has snuffed out the terrible threat of them!

Bring on the RBA inquiry. This mob is ridiculous.

Full report.

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.