The Australian Budget looks set to be a very traditional election budget. So much so that market implications will be limited to entirely muted. There will be lots of very good initiatives that we look forward to hearing. The overall thrust of the Treasurers comments however, are about temporary cash handouts for rising costs of living and new infrastructure spending. The Australian economy did very well during Covid, because the Government provided more stimulus per capita than any other country in the world. While Australia experienced the lowest Covid case load. Combined with the Reserve Bank being incapable of ... (full story)