So as the government splash the cash to literally debt fund an...

  1. X80
    1,743 Posts.
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    So as the government splash the cash to literally debt fund an economy, whats the nature of the debt incurred?

    RBA says its buying govt securities, federal and state, but no mention of interest rate or terms and conditions?

    is the open market being flooded? are we borrowing more than the rescue package to honour existing bonds? so whats the true debt level going to be?

    An area not in my field of expertise so some industry experience or what they hear about on the street etc would be appreciated.

    i did read normally the RBA doesnt buy direct from AOFM office, so i assume protocol is out the window at present?

    Alot of talk of being paid over a long period but no actual detail put forward that i coukd find, and in this area im probably not the best person to look.

    Cheers, Ant....
 
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