In the West, the worm has turned. When the WA election was called, Centrebet had the two parties level pegging. Then the Coalition pulled ahead. Now, the Coalition’s announcement of a canal deal so cheap you’ll want to buy two of them seems to have voters (and punters) raising an eyebrow. Centrebet today Labor ahead by a nose, on $1.70 (54% chance of winning).
Meanwhile, John Quiggin has a neat discussion of the economics of the pipeline.