David Bassanese, AFR: the recent lift in both business and consumer confidence are merely post-election blips, and unlikely to be sustained in the face of...

Tom McKay

David Bassanese, AFR: the recent lift in both business and consumer confidence are merely post-election blips, and unlikely to be sustained in the face of underlying economic weakness... the harsh reality is that the non-mining sectors or the economy - including the housing sector - are still struggling to provide a timely offset to the prospective decline in mining investment. Bassanese suggests the new government should introduce the concept of good debt (capital) and bad debt (recurrent spending), committing 5-10% of output to fund modest increases in national infrastructure. (VIEW LINK)


About this contributor

Tom McKay

Tom McKay

Managing Director and Co-Founder, Livewire

I'm the Managing Director and Co-Founder of Livewire. I'm passionate about collecting and curating the markets most informed insights every day so that our members can discover new investment ideas. If you would like to get in touch - please use...

Expertise

Australia economy

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