Back in 2022, the majority of economists, myself included, were predicting a Eurozone and US recession within the next 12 months. Why the confidence in the recession? History indicated that a US recession occurred 100% of the time, within one year, whenever inflation rose above 5% and unemployment fell below 5% on a quarterly basis. […]
READ MOREFederal Budget May 2023 Snapshot
Summary The May 2023 budget yet again, proves that Australia is the ‘Lucky’ country. Thanks to a huge revenue windfall due to record low unemployment rates and a spike in commodity prices, the Treasury Department are forecasting a $4 billion budget surplus this year, the first in 15 years. This is a massive turn […]
READ MOREFederal Budget – October 2022 Snapshot
In his first budget on Tuesday, Treasurer Jim Chalmers handed down a conservative budget as Labor sought to meet its pre-election commitments.
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