WRY & DRY #15 FY-24: Voice over. Sleepy Joe’s great speech. Never mess with a nun.
The Voice debacle gave rise to claims and counter claims that would make a lawyer richer than Croesus. The most risible was from journalists, newspaper-letter-writers and deniers who blamed the loss on Opposition Leader Peter Dutton.
Really? Dutton would be pleased to claim he single-handedly defeated a campaign backed by the full forces of the government, the ACTU, an overwhelming casket of cash, the major churches, large companies, universities, the major sporting codes, major industry superannuation funds and… Alan Joyce. SuperDutton? Yeah. Nuh.
When should we be worried about worrying? Consumer confidence.
This week we look at Consumer Confidence and Consumer Sentiment and hope to relate it to longer-term historical trends and current portfolio construction.