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1.Market Observations

23 Aug 2014 (AFR) – Budget debate sparks foreign investor fears – Budget impasse creates perception of US-style crisis

(23 August 2014, AFR, p4, Jacob Greber)

‘Senior bankers say the budget impasse is creating a dangerous perception among some foreign investors that the ­government faces a US-style supply ­crisis and won’t be able to pay its bills. As all sides of politics prepare for a bruising budget battle when ­Parliament resumes next week after a five-week pause, the government tried to lower expectations it would get all its policies passed by the Senate.’

Read more at AFR.com (might need AFR login access)

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