Croups, you hit the nail on the head. People speak of the Howard Govt as able finacial managers. This is a mantra that seems to rise automatically to Govt supporters lips. Grant's list, if it is to be believed, indicates the contrary and that the Howard govt have been asleep at the wheel. This latest hand out of largesse via child endowment etc has been one of the most irresponsible and cynical yet.
With regard to US interest rates. Greenspan is now in a tight spot. He has virtually promised a 25 basis point rise in the next round. Failure to deliver that will be taken as a signal that the US in deeper trouble than thought. Mauldin's latest discusses this very well....
