MB Fund Podcast Special: Dr Frankenberg’s Mad Budget Experiment!

A special episode of the podcast this week, in which MB Fund’s Chief Strategist David Llewellyn Smith, Chief Economist Leith van Onselen, Head of Investments Damien Klassen, and Head of Advice Tim Fuller dive into Dr Frankenberg’s Mad Budget Experiment! (aka Australia’s Budget).

On the agenda:
• The budget numbers & policies
• Economic, political and market impacts
• Investment implications

View the presentation slides here


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Tim Fuller is Head of Advice at the MacroBusiness Fund, which is powered by Nucleus Wealth.

The information on this blog contains general information and does not take into account your personal objectives, financial situation or needs. Past performance is not an indication of future performance. Tim Fuller is an authorised representative of Nucleus Wealth Management, a Corporate Authorised Representative of Nucleus Advice Pty Ltd – AFSL 515796.

Tim Fuller


  1. PaperRooDogMEMBER

    I now know what people spent their cheques on, mattresses!!!
    They are doing hard rubbish collection near me and outside the low rise unit blocks (many young families with kids and less well off) there are literally hundreds of mattresses awaiting collection, normally there might be one or two.

  2. Tim FullerMEMBER

    Our question of the week: do you think this budget is setting Australia up for long term success?

    • Australia is like the AF Airbus over the central Atlantic.
      The sensors and pilots say all is good but the country is in a vertical nose dive which will result in ????

    • If we were starting from a position of private sector debt to GDP of 80%, then it wouldn’t be a bad budget for growth.

      But, deleveraging …

    • Jumping jack flash

      No, it is an insipid budget crafted by insipid people who don’t have a single clue how their own system works, how it is broken, nor how to fix it.

  3. rob barrattMEMBER

    Actually, Jane Seymour’s (the Bond girl) maiden name was Frankenberg. They lived at the top of our road. Like the Mad Budget, we got into trouble with them (though they were friends). Though, in our case, it was due to a perfectly appalling and very non-consentual act carried out by our dog on their pet poodle.

    • Indeed. And I wouldn’t bet much on a private sector led recovery until a significant portion of the debt has been cleared (defaulted on or repaid), not to mention all the malinvestment that needs to be unwound and capital deployed to more productive means.

      • Jumping jack flash

        This, or they double down, slash eligibility, hand out debt incentives, and get it growing at the correct rate. At the moment it is just frustrating.

        • They’ll double down as they always do — too many vested interests.

          A ‘default of sorts’ will happen — high controlled inflation*

          (* hopefully)