I've attached a file showing the Government's net debt position. It predicts we are about to become a creditor government even taking into account the health system costs AND not taking into account the Federation Fund, which will receive and invest the results of the Telstra sale, should it go ahead.
I think it's interesting in that the problems being suggested that other nations may face, particularly the US, of twin deficits, are not going to be faced here. With a sufficient surplus, much of which could be invested overseas and hedged, there would be enough in the kitty to kickstart the economy in parlous times and recoup in stronger times.
Turning to the Federation fund, I wonder if now is the time to buy an index fund as the influx of $30b or so will give the markets an almighty boost upwards. Large scale commercial property trust will probably also do well.
What do others think?
I think it's interesting in that the problems being suggested that other nations may face, particularly the US, of twin deficits, are not going to be faced here. With a sufficient surplus, much of which could be invested overseas and hedged, there would be enough in the kitty to kickstart the economy in parlous times and recoup in stronger times.
Turning to the Federation fund, I wonder if now is the time to buy an index fund as the influx of $30b or so will give the markets an almighty boost upwards. Large scale commercial property trust will probably also do well.
What do others think?