budget now69bil black hole, page-35

Dont know if we will have deflation?

when house prices correct with houses worth less than the loans the risk of borrowing goes up so banks funding costs go up. add is some defaults with the jobs that are going and the banks will be taking a big hit

If the RBA starts printing money so the gov can buy the bad private debt and make it public, we will too start printing money just like everyone else..

Seems to be the normal outcome after a housing bubble if you dont want your banks to fail..

printing money = inflation.