Ahead of the May budget Gunnamatta spoke with Leith van Onselen and David Llewellyn-Smith about the economic outlook and the unfolding Australian economic narrative. In a wide ranging discussion Leith and David cover Australia’s reliance on commodity exports and the implication a subsiding global commodity market has for this dependence, as well as the potential impact on a nation largely dependent on transfers from the Federal Budget. It also looks at how changes in the global financial market and the Royal Commission into the Activities of Australian banks may influence credit availability and house prices going forward, and of how ongoing political ineptitude and policy paralysis is exposing all Australians to a significant economic adjustment in the years ahead, with the epic incompetence of Australian energy management just a benchmark of type of failings which can be found across Australia’s policy horizons, and which have been papered over by running a ‘Population Ponzi’ to maintain an apparent normality to headline economic data.
Grab a glass of wine, or a cup of tea and have a listen. The implications of what is discussed here should be thought about by all Australians.
The discussion goes runs about 95 Minutes and comes in 5 (yes five) parts