Page 3 - Chris Joye News Today : Breaking News, Live Updates & Top Stories | Vimarsana

The new Treasurer on the block has played a traditional game of not crowing about an economy that he’s had nothing to do with making it perform so well.

Credit-rating agency Standard & Poor’s suggests Labor’s big spending promises could fire up inflation, higher interest rates, an economic slowdown and a blowout of the budget deficit, but will his economics A-team save him and us?

If you can hold your nerve when others around you are losing theirs and selling all and sundry, then you’ll be a long-term successful investor not a headless chook-like speculator running around wildly reacting to market gyrations.

Consumer and investor confidence has plunged, driven by the alarmism of interest rate rises that haven’t yet happened. Ironically, because of this alarmism, the expected number of interest rate rises might not even eventuate!

While the numbers for the economy still look good, there are some bad headlines out there, which in the fullness of time could prove to be wrong.