Today we got a free handout to pensioners and a massive increase in 'first home owners' grant. Tells us that the main fears the govt has is:
1) Retail sales tanking
2) Collapse in house prices.
Their actions cannot stop the inevitable slowdown and job losses occurring. The budget surplus (they boasted endlessly about) lasted only 3 months!!
Avoid investing in retail stks and in any form of property.
