NSW is rotten, politically. Chris Joye with the note on Friday:
Two big dramas playing out this week are the bond market trying to bully Martin Place into tightening monetary policy and allegations that NSW premier Dominic Perrottet’s otherwise remarkable debt retirement fund, which saved taxpayers from a fiscal crisis, has funneled $450 million to dictatorships and tax havens. Let’s examine each in turn.
We know the Aussie economy was absolutely ripping coming into the most recent lockdowns, which informed the Reserve Bank of Australia’s confidence that it should substantially upgrade its growth outlook, only to be kiboshed by the Delta-variant of COVID-19.
