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)


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