China mulls full property sector rescue; US data stable with upside suggestions; ECB says risks being ignored; copper at ATH; freight rates up again; UST 10yr 4.38%; gold down and oil up; NZ$1 = 61.2 USc; TWI-5 = 70.2
US sentiment and data better, Powell sings same tune; China sees insurance company stress; German sentiment up; Australia gets a pre-election budget; UST 10yr 4.45%; gold up and oil weaker; NZ$1 = 60.3 USc; TWI-5 = 69.6
Liam Dann: Budget 2021: Why Grant Robertson won t match big spending Aussies
15 May, 2021 05:00 PM
5 minutes to read
Australian Prime Minister Scott Morrison (left) and Finance Minister Grant Robertson.
OPINION:
Maybe it will please no one.
At least that s how it s going to seem when the chorus of commentary rains down like dragon-fire on Thursday.
I don t think Finance Minister Grant Robertson is about to deliver a terrible Budget.
I just think he s about to be punished for delivering a sensible one.
It s going to be moderate Budget.
Robertson is an extreme moderate.
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He s not going cut spending enough to appease the debt worriers on the right.