As expected the Federal Budget focused on a surplus and to the government’s credit is looking to distribute some of their mining profits to the not so wealthy. Whilst the opposition is suggesting that some of the cash payments will be going straight to retailers instead of their intended purpose, that’s not necessarily a bad …
Tag Archive: Budget
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May 07
Australian Government Bond Yields…supports the dumb budget
Source: RBA As the above chart shows, the yield curve has dropped 70 to 90bps for all terms since March 19. With a 3 year bond yield just above 2.80%, which is close to where it was during the worst of the GFC, its pretty obvious markets aren’t too confident in the strength of our …
pub-5731955080761916
May 07
Australia’s Dumb Budget
I don’t have a great deal to say other than I thought I’d take this opportunity to point out, again, that with Australia’s multi-speed economy there is absolutely no logic in having a budget surplus. The budget surplus has become a political football that is not based on logic but is based on some ridiculous …
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