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Does Australia control its destiny?

14062019_Australian economy

Does Australia control its destiny?

Last month, there was probably no one more surprised than Australian Prime Minister, Scott Morrison – or “ScoMo” – to which he is commonly referred. ScoMo had just won a decisive victory in Australia’s general election against an opponent that was the short-odds favourite in the betting markets.

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Andrew Macken is the Chief Investment Officer of the Montaka funds and the Montgomery Global funds. He established MGIM in 2015 in partnership with Montgomery.

This post was contributed by a representative of Montgomery Investment Management Pty Limited (AFSL No. 354564). The principal purpose of this post is to provide factual information and not provide financial product advice. Additionally, the information provided is not intended to provide any recommendation or opinion about any financial product. Any commentary and statements of opinion however may contain general advice only that is prepared without taking into account your personal objectives, financial circumstances or needs. Because of this, before acting on any of the information provided, you should always consider its appropriateness in light of your personal objectives, financial circumstances and needs and should consider seeking independent advice from a financial advisor if necessary before making any decisions. This post specifically excludes personal advice.

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4 Comments

  1. andrew ronan
    :

    Bad news is good news now I thought, so we’ll have our own ZIRP and QE forever, so what now sharemarket boom fueled by buybacks etc just like what happend in the USA ? Should One jump back onto the debt ponzi asset bubble for a while now? How do you navigate this confetti party without getting caught in the last blowup blow down, gold and silver are ok but not for large allocation like anything, shares look expensive but might be cheap if money is worthless.
    Crazy world.what to do?

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