Hi all, curious as to what you think the impact of the Oct 6 Federal budget will have on the share price?
We know 'responsible lending restrictions' have now been eased to help stimulate the economy and Scott has mentioned in various pressers the Govt intends to further increase economic stimulus measures...such as verbally mentioning already that pensioners will get more $ (which doesn't really help the NAB SP imo). Frydenberg affirms this position having mentioned they are throwing out returning the economy to surplus in favour of spending, which indicates SP should rise (without knowing the full extent of what other stimulus measures will be implemented)...but by how much?
NAB Price at posting:
$18.25 Sentiment: None Disclosure: Held
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