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Consumer confidence blooms in light of election prospects

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Australian Broker | 28 Aug 2013, 05:00 AM Agree 0
Analysts are naming Tony Abbott's ever-more-likely succession as Prime Minister as the guiding force behind growing consumer confidence
  • MCC | 28 Aug 2013, 09:59 AM Agree 0
    Yes amazing what effect peception has even though in 3 years time the consumer will look back & say mmmmmm! Why weren't those jobs created, why has the lowest interest rate environment since 1960 not resulted in strong credit growth, why has the reduction in taxes not stimulated growth? Answer is because 'National Governments' no longer have control over economies because capital flows as an example are global! Beware of 'Austerity Measures'!
  • wing nut Harry | 28 Aug 2013, 10:13 AM Agree 0
    Well said MCC
  • Raman | 28 Aug 2013, 12:13 PM Agree 0
    Polls can be designed to generate the response desired simply by framing the questions a certain way. The US economy bouncing back and the 'strange but true' slight softening of the 'Little Aussie' along with the lowest interest rate regime most have ever seen have more to do with the upbeat nature of the Aussie consumer than anything that either Rudd or Abbott can claim merit for. If anyone should be singled out to apportion some credit it could go to the RBA governor! That the builders and developers have been showing some restraint to their greed is a contributing factor too. (Those in WA may go.. What?!) LMI increases is a devil in the dark we need to watch out for among other things!
  • Lyn from Sydney | 28 Aug 2013, 03:19 PM Agree 0
    The rise in confidence could be because Australia has had a AAA rating throughout the GFC and the Opposition has stopped being quite so negative (following research that suggested it wouldn't help them). It would be foolish to think that Abbott and his colleagues could do anything better than Labor has been doing, particularly as the Opposition Treasurer has a poor record of financial management - he lost millions for NSW when he bungled the sale of the GIO and there's nothing to show he has improved his skill since. I dread to think what will happen to this wonderful, stable country.
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