New world order
In a busy week for Australian business and politics, there was still no escaping the shadow of Donald Trump.
It was the kind of week that is normally decisive in Australian business and politics. Some of the nation’s largest companies including CBA, CSL, Macquarie and Origin Energy delivered trading updates and interim results; while in Canberra, Parliament sat for potentially the last time before the next federal election.
And yet it all felt strangely peripheral against the backdrop of the potential upending of the global order that has shaped this planet for the better part of the past century, taking place right before our eyes.
OK, that might sound a little hyperbolic, and as we discussed in this very newsletter last week the barrage of news emanating from US President Donald Trump’s second administration is part of a deliberate tactic. (And that tactic, described by Steve Bannon as “muzzle velocity”, is proving to be devastatingly effective).
But that doesn’t mean that the unpredictability of Trump 2.0 isn’t having real consequences for Australia’s politics and economy.
