this budget won't do anything In either direction on...

this budget won't do anything In either direction on inflation, the bond markets have spoken and not budged. wage figures came in just below expectations today and its jobs numbers tomorrow, if you want some useful info on inflation and future rates cuts.

i personally liked this budget, they managed to score some points with $300 to each household which actually brings down inflation figures (smoke and mirrors) and some fluff about Australian manufacturing (which is almost certainly going to mean billions going to large multinationals and mining giants, meaning very little making back into mums and dads pockets to spend) and tax cuts that aren't actually tax cuts thanks to bracket creep over the past few years. they scored some political capital, just as any party in power would, but without throwing too much cash around.
rate cuts by December I reckon, markets are forward looking by about 6 months so money is going to start flowing back into risk on, if it hasn't started already.