Still waiting what will happen to AAA but likely we will lose with ongoing deficit ? Mortgage will become more expensive for sure and prices to come off boil How much more impact will be there on average investors?? Edit! Losing AAA. Damn spelling error!
The current Government is a disaster, and cannot focus on anything and/or deliver any message about how they might improve the economy, the unemployment etc. All Mal is concerned about is Climate Change, same sex marriage, appeasing islam and immigration supporters, and arguing with anything Bill Shorten says. He gets sucked in to Shorten's baiting, and then when he finally does get fair dinkum about the economy stuff; he has to deal with the Senate. He's finished; a dead man walking, and then we have to go through another rubbish Election or worse; another premature Leader change before the Election - with next to nothing being achieved, and at least another year or more of fluffing around with the new bloke.
Fitch and Moody's seem to favor Aus. S&P maintained the AAA too. Well AAA survives for a couple more months, at least till the next GDP growth update next year. I reckon they are waiting to see if we go into a technical recession before pulling the trigger and downgrading so they dont look stupid in case next quarter GDP is positive. Australia scrapes a pass from ratings agencies in latest budget test
