All Posts Tagged With: "spending in australia"

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Deficit Spending in Australia Reaches a New Era

What to make of the world today? You have interest rate cuts in China, bombings in India, wretched economic data in America, onerous taxes in Great Britain, and a new era of deficit spending in Australia. If this were a Bad News Digest, we would have to print an extra edition today. Let’s start with the news in China. The central bank there cut one-year interest rates by over one percent to 5.58%…

November 27th, 2008 | Dan Denning | 4 comments | Continued
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