Gold for Australia as nation wins negative economic surprises

Tuesday 28 March 2023

The Australian economy has been stuck in the mud since 2011. This is a combination of:

massive commodity overbuild and influence;
anti-competitive hollowing out;
excessive reliance on house prices to drive demand;
manifold poor policy, and
mass immigration.

This fat, uncompetitive, and corrupt economy is as unproductive as any on earth so there is no longer any income growth to speak of:

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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.