Hi Ben,
Not quite sure that they can do anything about our impending Debt Train Wreck:
https://australiandebtclock.com.auThe way we’re heading
Year………Aus. Current Debt… Interest Rate……Interest P/A
2022………….…$1.5 Trillion…….3.56%……….$53.4 Billion (actual)
2023……………..$1.65 trillion…..4.5%…………$74.25 Billion (est)
2024……………..$1.8 Trillion……5.5%…………$99 Billion…..(est)
2025……………..$1.95 Trillion….6.5%…………$126.75 Billion.(est)
Can we afford to pay $100 billion P/A servicing Government’s debt.
IMO, a flat no!
In this case, “She’ll be Right” simply wont do.
And folks, as we’re going , that’s the likely scenario
whether we get the Libs or Labor or a Bitsa, IMO.
This is why, IMO , that we need an entirely new mindset
with respect to Aus politics & economic/industrial planning
and our politicians like most of the hip pocket punters on these
threads are hell bent on running the country into the ground
while “I’m allright Jack” (they think)
You are an investor, Ben, and I'm sure that you are tuned into markets and
forward global economic prospects.......what do you think?
A guess as investors we can try to protect our wealth but how can
the Governments' protect their massive Debt?
PS Interest rate is based on curent 10 year Bond Rate & its prospects
