Tuesday 12 December 2017

"What alternate universe does the Australian Treasurer inhabit?


According to AMP chief economist Shane Oliver “consumer spending is being dragged down by low wages growth, slowing wealth accumulation, poor sentiment, high debt levels and rising energy costs."

In the 2017 September quarter households were spending less on clothing, footware, health, furnishings, household equipment, entertainment, dining out and alcohol - as the pressure on disposable income bites.

Yet this is the Australian Treasurer in December 2017……………
The Sydney Morning Herald, 6 December 2017

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