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

23 Dec 2016 (TheAge) – Never mind the expanding deficit, lack of growth is the real concern – Beyond the headlines, the MYEFO bit that matters most

(23 December 2016, TheAge, BusinessDay, p19, Michael Pascoe)

‘As the coalition sowed, it has reaped with this week’s mid-year economic and fiscal outlook (MYEFO). The Treasurer is left spinning hard over $30 billion disappearing from May’s revenue forecasts, just as his predecessors were when much the same thing happened to them. What goes around… ‘

‘It’s been amusing at times – Scott Morrison stressing that he never predicted a surplus in 2020-21, it was merely “a projection” – but unfortunately the welter of headlines concentrating on the increased deficit over the next few years and what the ratings agencies might or might not think about our AAA rating have missed the most important of the exercise: what’s happened to growth?’

Read more at TheAge.com.au

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: