Moody’s warns on “dreams” Budget

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The Budget is all about “dreams”, apparently:

Joe Hockey’s disastrous first budget will always be remembered for the term “lifters and leaners”. Malcolm Turnbull’s second budget loomed as the year of “good debt and bad” debt, until the Prime Minister unleashed a new political slogan on the nation.

At least it’s three words this time. This will be the budget of “fairness, opportunity and security”.

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About the author
David Llewellyn-Smith is Chief Strategist at the MB Fund and MB Super. David is the founding publisher and editor of MacroBusiness and was the founding publisher and global economy editor of The Diplomat, the Asia Pacific’s leading geo-politics and economics portal. He is also a former gold trader and economic commentator at The Sydney Morning Herald, The Age, the ABC and Business Spectator. He is the co-author of The Great Crash of 2008 with Ross Garnaut and was the editor of the second Garnaut Climate Change Review.