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A revolution in reverse

A revolution in reverse
13 May 2021
On budget night, Australia witnessed another stunning performance of the Frydenberg tango: one step forward, two steps back.
After innumerable pre-budget “leaks”, the surprise up Josh Frydenberg’s sleeve was $29 billion in tax cuts for low and middle-income earners – doubtless a win for those who’d like to keep more of their money, but hardly the sweeping reforms required to make Australia’s economy more dynamic and less reliant on the exports that Paul Keating referred to in his infamous “banana republic” comments in 1986.
The rationale here (as it was in October) is that this budget was necessary to ensure the recovery and return of the economy to its pre-COVID state. As even the most disinterested observer of the pre-COVID economy would attest, that is not a desirable outcome – nor one that will necessarily be achieved by the budget. Stimulus measures and closed borders have already se ....

Hong Kong , Paul Keating , Josh Frydenberg , Lachlan Maddock , Blueprint Institute , ஹாங் காங் , பால் கீடிஂக் , ல்யாக்லந் ம்யாடொக் , வரைபடம் நிறுவனம் ,

RBA could move on rates early: UBS

UBS has added its voice to the chorus of commentators warning the RBA could be forced to lift rates prematurely in the face of a stronger-than-expected recovery. ....

Janet Yellen , Josh Frydenberg , Philip Lowe , Lachlan Maddock , Federal Reserve , Guy Debelle , Treasurer Josh Frydenberg , பிலிப் குறைந்த , ல்யாக்லந் ம்யாடொக் , கூட்டாட்சியின் இருப்பு ,

Budget a 'shameless political fix' - InvestorDaily

Treasury’s admission that wages will remain depressed despite historic government spending has drawn the ire of Josh Frydenberg’s political opponents, who accuse him of mismanaging the economy. ....

Jim Chalmers , Lachlan Maddock , Prime Minister , ஜிம் சால்மர்ஸ் , ல்யாக்லந் ம்யாடொக் , ப்ரைம் அமைச்சர் ,

Jarden forges alliance with Nomura

Jarden forges alliance with Nomura
investordaily.com.au - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from investordaily.com.au Daily Mail and Mail on Sunday newspapers.

New Zealand , James Lee , Kenji Teshima , Lachlan Maddock , Credit Suisse , Both Nomura , புதியது ஜீலாந்து , ஜேம்ஸ் லீ , கெஞ்சி டெஷிமா , ல்யாக்லந் ம்யாடொக் , கடன் ஸ்யூயி ,

The budget we had to have?

The budget we had to have?
By
Lachlan Maddock
10 May 2021
Desperate times call for desperate measures – but it’s unclear whether Treasurer Josh Frydenberg will deploy any on budget night.
Treasurer Josh Frydenberg finds himself walking a tightrope, committing to repairing the economy while maintaining the LNP’s reputation as the party of fiscal responsibility. Any misstep will have disastrous consequences for an election that will likely be coming sooner rather than later, or for the fortunes of a country that is still recovering from a historic shock.
But it seems that Mr Frydenberg will deliver a budget that nobody is happy with: free-market conservatives are disappointed by increased government spending, while Labor and the Left believe that the government has not spent enough, or on the right policies. ....

Josh Frydenberg , Lachlan Maddock , Treasurer Josh Frydenberg , ல்யாக்லந் ம்யாடொக் ,