Yeldub is at it again. See ZT you 'do' have to be careful what you wish for.
Yeldub owns the biggest rear view mirror on this forum and actually believes the rubbery numbers. It is not hard to find other delusional people with a similar view after all most people lose money in the markets.
It's OK Yeldub buy the banks, load up on property trusts and property, concentrate above $2M there is lots of liquidity up there because the KPI's indicate the economy is strong and must stay that way - therefore banks are in great shape and conditions are fantastic. That must mean record consumption and investment (done) from the business sector and private sector.
In fact Yeldub thinks conditions are not deteriorating and must get leveraged to the max and thinks Australia should do as well. You have heard him - he thinks we need more debt. He will come back out swinging with his nice set of numbers however Emperor (epiphany) Swan is wearing no clothes. I have asked him how much debt we need when we are in surplus and what debt per capita is appropriate but he is silent alas.
Yeldub will ROFL at you and claim the ALP is squeaky clean next.
3% growth from new debt 3.5% OCR is 2.5% too high, but will get there after the need is passed 1.2% inflation is 'adjusted bull dust' - 'abd' Budget back to surplus is an ESTIMATE not a fact (the ALP does not know the difference) AAA yeah right, so were CDO's before the GFC Record investment pipeline of $900B nothing to do with ALP at all, only half committed and I doubt all of this is funded yet.
Its all about facts stupid not estimates and spin Its all about the capital flows and debt markets moron
