At some point the RBA was elevated to sole guardian of the Australian economy, yet there isn’t any official mention of it. Now where is that memo?
Looking beyond its immediate neighbours, it could well be Aussie winemakers reaping the rewards from Britain’s exit.
There’s still huge scope for growth to come out of China and the rest of Asia. Naturally, Australia is incredibly well placed to benefit from this via our resources and service industries.
Mr Stevens has led the RBA in such a way that has ensured ongoing economic growth, assisting the now ingrained view that growth is (in his words) ‘the natural state of affairs.’
There is one dormant clause that could see the Aussie government walk away with more gold than any other country in the world.
When it comes to gold, gold in the ground, and gold mining, there’s no question that Australia is a superpower.
There’s plenty of money to be made off Chinese consumers. Not just for businesses, but for you, the investor, as well.
If the Aussie government’s paranoia is about hacking and cyber attacks, then we should cut all ties with the US. And we should get pretty cosy with China.
Aside from this being expected of a public sector body, the reality is that economically, the NBN was doomed from the start.
Australia doesn’t have enough private savings to bid for many of these large assets, so there were always going to be foreign investors in the mix.