You are viewing:-
you're reading...
1.Market Observations, 8.Was Sticky

14 Oct 2016 (AFR) – Scott Morrison buoyed by first terms of trade tailwind in five years

(14 October 2016, AFR, p4, by Jacob Greber)

‘Scott Morrison may be about to become the luckiest treasurer in at least half a decade if the latest surge in commodity prices is sustained, potentially wiping around a third from his budget deficits almost overnight. An indicative estimate by The Australian Financial Review based on research by Commonwealth Bank and Treasury suggests a surge in income from exports could cut as much as $23 billion off the $63.2 billion budget deficit for 2016-17 and 2017-18.’

Read more (and see the graph of commodity prices) at AFR.com (might need AFR login access, or try: AFR.com /trial)

Advertisements

About robertbrain

Brainy's Share Market Toolbox. Read the honest truth about the sharemarket. Develop or fine tune your investing/trading strategies using share price charts (technical analysis), or learn about the investment strategies of others. Melbourne (Australia) based - supporting share market investors and traders to build wealth through smarter investing using my Share Market Toolbox arsenal of weapons to tackle the market.

Discussion

No comments yet.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: