IMO the economy will be on both fiscal & monetary support out to at least 2024; that is if the RBA is to be believed.
QE still going albeit reduced from $5 billion a week to $4 billion ($208 billion/P/A) and an interest rate of 0.1% ( a flyshit off Zero!) is not what one could call a sustainably strong economy.
$208 billion a year added to he credit card will simply mean a gross debt approaching 100% of GDP by 2025, IMO because forward estimates by the Government in an election year has always to be sus. IMO.
This massive adding to the money supply will inevitably devalue the AUD , IMO. The only question is when?
