Australia’s Finance Minister: No Need for More Fiscal Stimulus | Metals Mine

  • Australia’s Finance Minister: No Need for More Fiscal Stimulus

    From youtube.com

    Australian Finance Minister Mathias Cormann discusses the government’s mid-year budget and his outlook for the Australian economy. He speaks on “Bloomberg Daybreak: Asia”
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syntaxfx
Dec 15, 2019 10:28pm
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All this, just to achieve a surplus at a time when it's not the appropriate response.
Don't know what Mathias and Josh are smoking, but I want some.

The RBA concluded that the tax cuts didn't do what was needed and that they didn't have the tools to create more stimulus. Folks just paid down debt and stopped spending. That will keep happening until wages catch up with the impact of real inflation.
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