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May rate cut a 'warning sign', says top research analyst

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Australian Broker | 03 Jun 2013, 07:00 AM Agree 0
Last month's RBA rate cut has been dubbed a 'warning sign' by a top research analyst, who says government debt should be viewed in a more positive light
  • Robert | 03 Jun 2013, 10:19 AM Agree 0
    The Key Word from Mr Richardson in this article is "Prudent". The public aren't the drop kicks they are treated like. They don't see the government debt being used prudently. Lets build dams, roads and infrastructure not bureaucracies.
  • SIDBROKER | 03 Jun 2013, 10:43 AM Agree 0
    I am happy this fellow is not the treasurer!!
  • Greg of Perth | 03 Jun 2013, 11:16 AM Agree 0
    Don Argus was never Chairman of NAB, he was in fact the CEO, two very different beasts altogether. After his Administration purchased Homeside Lending only to have it fail so spectacularly whit Billions in write downs, he then Chaired BHP for around 10 years.
    Banks' debt positions are all part of the business they're in. Much like "Stock in Trade". They borrow it to lend it and generate a profit. Again a different debt posture to Government debt.
    Perhaps Mr Richardson should get some facts correct before making silly pronouncements.
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