CBA bubble meet pin

David Llewellyn-Smith

Wednesday, 1 February 2023

Yesterday I described the CBA bubble, which has been inflating for a few years:

Driving a massive mismatch in Aussie bank valuations globally:

Today I present to you the pin for this bubble courtesy, ironically, of Westpac:

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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.