A senior Australian in Launceston this morning (Ron) bailed me up to express his disgust about an article in today’s Australian relating to superannuation. Ron was very unhappy to hear that Labor unions have joined the GREENS in supporting an end to the super tax concessions for “wealthy Australians.” This follows GREENS leader Bob Brown’s [...] Continue reading » » »
North Atlantic instability
The negative response of Australian markets to financial instability in America and Europe is a worry! This instability comes at a bad time, with Australian Government debt climbing, GDP per capita in decline, productivity is stalled, retail spending has tanked, the Reserve Bank has reduced growth forecasts, inflation is rising, and the Labor Government insists [...] Continue reading » » »
