Welcome to the Banana Republic Budget – MacroBusiness<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"David Llewellyn-Smith sums up Australian Treasurer Scott Morrison’s Budget with one chart: According to Treasury, Australia\u2019s terms of trade are going to settle at a gentlemanly plateau far higher than they have even been in history outside of the China boom. Source: Welcome to the Banana Republic Budget – MacroBusiness<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[40,46,28],"tags":[],"class_list":["post-13245","post","type-post","status-publish","format-standard","hentry","category-australia-nz-countries-regions","category-deficit-spending-employment","category-taxes-inequality"],"yoast_head":"\n
Banana Republic Budget |MacroBusiness - the patient investor<\/title>\n<meta name=\"robots\" content=\"noindex, follow\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Banana Republic Budget |MacroBusiness - the patient investor\" \/>\n<meta property=\"og:description\" content=\"David Llewellyn-Smith sums up Australian Treasurer Scott Morrison’s Budget with one chart: According to Treasury, Australia\u2019s terms of trade are going to settle at a gentlemanly plateau far higher than they have even been in history outside of the China boom. Source: Welcome to the Banana Republic Budget – MacroBusiness\" \/>\n<meta property=\"og:url\" content=\"https:\/\/thepatientinvestor.com\/index.php\/2016\/05\/04\/banana-republic-budget-macrobusiness\/\" \/>\n<meta property=\"og:site_name\" content=\"the patient investor\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/profile.php?id=61572934660810\" \/>\n<meta property=\"article:published_time\" content=\"2016-05-04T05:49:15+00:00\" \/>\n<meta property=\"og:image\" content=\"http:\/\/thepatientinvestor.com\/wp-content\/uploads\/2016\/05\/waegtqe.png\" \/>\n<meta name=\"author\" content=\"ColinTwiggs\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"ColinTwiggs\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/thepatientinvestor.com\/index.php\/2016\/05\/04\/banana-republic-budget-macrobusiness\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/thepatientinvestor.com\/index.php\/2016\/05\/04\/banana-republic-budget-macrobusiness\/\"},\"author\":{\"name\":\"ColinTwiggs\",\"@id\":\"https:\/\/thepatientinvestor.com\/#\/schema\/person\/cb072791ac83e8bae585007c133d54a5\"},\"headline\":\"Banana Republic Budget |MacroBusiness\",\"datePublished\":\"2016-05-04T05:49:15+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/thepatientinvestor.com\/index.php\/2016\/05\/04\/banana-republic-budget-macrobusiness\/\"},\"wordCount\":55,\"commentCount\":1,\"publisher\":{\"@id\":\"https:\/\/thepatientinvestor.com\/#organization\"},\"image\":{\"@id\":\"https:\/\/thepatientinvestor.com\/index.php\/2016\/05\/04\/banana-republic-budget-macrobusiness\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/thepatientinvestor.com\/wp-content\/uploads\/2016\/05\/waegtqe.png\",\"articleSection\":[\"Australia & NZ\",\"Deficit Spending & Employment\",\"Taxes & Inequality\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/thepatientinvestor.com\/index.php\/2016\/05\/04\/banana-republic-budget-macrobusiness\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/thepatientinvestor.com\/index.php\/2016\/05\/04\/banana-republic-budget-macrobusiness\/\",\"url\":\"https:\/\/thepatientinvestor.com\/index.php\/2016\/05\/04\/banana-republic-budget-macrobusiness\/\",\"name\":\"Banana Republic Budget |MacroBusiness - the patient investor\",\"isPartOf\":{\"@id\":\"https:\/\/thepatientinvestor.com\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/thepatientinvestor.com\/index.php\/2016\/05\/04\/banana-republic-budget-macrobusiness\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/thepatientinvestor.com\/index.php\/2016\/05\/04\/banana-republic-budget-macrobusiness\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/thepatientinvestor.com\/wp-content\/uploads\/2016\/05\/waegtqe.png\",\"datePublished\":\"2016-05-04T05:49:15+00:00\",\"breadcrumb\":{\"@id\":\"https:\/\/thepatientinvestor.com\/index.php\/2016\/05\/04\/banana-republic-budget-macrobusiness\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/thepatientinvestor.com\/index.php\/2016\/05\/04\/banana-republic-budget-macrobusiness\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/thepatientinvestor.com\/index.php\/2016\/05\/04\/banana-republic-budget-macrobusiness\/#primaryimage\",\"url\":\"https:\/\/i0.wp.com\/thepatientinvestor.com\/wp-content\/uploads\/2016\/05\/waegtqe.png?fit=1495%2C985&ssl=1\",\"contentUrl\":\"https:\/\/i0.wp.com\/thepatientinvestor.com\/wp-content\/uploads\/2016\/05\/waegtqe.png?fit=1495%2C985&ssl=1\",\"width\":1495,\"height\":985},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/thepatientinvestor.com\/index.php\/2016\/05\/04\/banana-republic-budget-macrobusiness\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/thepatientinvestor.com\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Banana Republic Budget |MacroBusiness\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/thepatientinvestor.com\/#website\",\"url\":\"https:\/\/thepatientinvestor.com\/\",\"name\":\"The Patient Investor\",\"description\":\"Smart. Strategic. Unfiltered. \",\"publisher\":{\"@id\":\"https:\/\/thepatientinvestor.com\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/thepatientinvestor.com\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/thepatientinvestor.com\/#organization\",\"name\":\"The Patient Investor Pty Ltd\",\"url\":\"https:\/\/thepatientinvestor.com\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/thepatientinvestor.com\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/i0.wp.com\/thepatientinvestor.com\/wp-content\/uploads\/2026\/03\/cropped-cropped-patience-bg-1-inverted-400x400-1.png?fit=250%2C250&ssl=1\",\"contentUrl\":\"https:\/\/i0.wp.com\/thepatientinvestor.com\/wp-content\/uploads\/2026\/03\/cropped-cropped-patience-bg-1-inverted-400x400-1.png?fit=250%2C250&ssl=1\",\"width\":250,\"height\":250,\"caption\":\"The Patient Investor Pty Ltd\"},\"image\":{\"@id\":\"https:\/\/thepatientinvestor.com\/#\/schema\/logo\/image\/\"},\"sameAs\":[\"https:\/\/www.facebook.com\/profile.php?id=61572934660810\",\"https:\/\/www.instagram.com\/colin_thepatientinvestor\"]},{\"@type\":\"Person\",\"@id\":\"https:\/\/thepatientinvestor.com\/#\/schema\/person\/cb072791ac83e8bae585007c133d54a5\",\"name\":\"ColinTwiggs\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/secure.gravatar.com\/avatar\/876c4d990bb2af282291d5f3ff81533c6deccc0c607846086647ca3272fac0ca?s=96&d=mm&r=g\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/876c4d990bb2af282291d5f3ff81533c6deccc0c607846086647ca3272fac0ca?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/876c4d990bb2af282291d5f3ff81533c6deccc0c607846086647ca3272fac0ca?s=96&d=mm&r=g\",\"caption\":\"ColinTwiggs\"},\"url\":\"https:\/\/thepatientinvestor.com\/index.php\/author\/colin58s\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Banana Republic Budget |MacroBusiness - the patient investor","robots":{"index":"noindex","follow":"follow"},"og_locale":"en_US","og_type":"article","og_title":"Banana Republic Budget |MacroBusiness - the patient investor","og_description":"David Llewellyn-Smith sums up Australian Treasurer Scott Morrison’s Budget with one chart: According to Treasury, Australia\u2019s terms of trade are going to settle at a gentlemanly plateau far higher than they have even been in history outside of the China boom. Source: Welcome to the Banana Republic Budget – MacroBusiness","og_url":"https:\/\/thepatientinvestor.com\/index.php\/2016\/05\/04\/banana-republic-budget-macrobusiness\/","og_site_name":"the patient investor","article_publisher":"https:\/\/www.facebook.com\/profile.php?id=61572934660810","article_published_time":"2016-05-04T05:49:15+00:00","og_image":[{"url":"http:\/\/thepatientinvestor.com\/wp-content\/uploads\/2016\/05\/waegtqe.png","type":"","width":"","height":""}],"author":"ColinTwiggs","twitter_card":"summary_large_image","twitter_misc":{"Written by":"ColinTwiggs"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/thepatientinvestor.com\/index.php\/2016\/05\/04\/banana-republic-budget-macrobusiness\/#article","isPartOf":{"@id":"https:\/\/thepatientinvestor.com\/index.php\/2016\/05\/04\/banana-republic-budget-macrobusiness\/"},"author":{"name":"ColinTwiggs","@id":"https:\/\/thepatientinvestor.com\/#\/schema\/person\/cb072791ac83e8bae585007c133d54a5"},"headline":"Banana Republic Budget |MacroBusiness","datePublished":"2016-05-04T05:49:15+00:00","mainEntityOfPage":{"@id":"https:\/\/thepatientinvestor.com\/index.php\/2016\/05\/04\/banana-republic-budget-macrobusiness\/"},"wordCount":55,"commentCount":1,"publisher":{"@id":"https:\/\/thepatientinvestor.com\/#organization"},"image":{"@id":"https:\/\/thepatientinvestor.com\/index.php\/2016\/05\/04\/banana-republic-budget-macrobusiness\/#primaryimage"},"thumbnailUrl":"https:\/\/thepatientinvestor.com\/wp-content\/uploads\/2016\/05\/waegtqe.png","articleSection":["Australia & NZ","Deficit Spending & Employment","Taxes & Inequality"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/thepatientinvestor.com\/index.php\/2016\/05\/04\/banana-republic-budget-macrobusiness\/#respond"]}]},{"@type":"WebPage","@id":"https:\/\/thepatientinvestor.com\/index.php\/2016\/05\/04\/banana-republic-budget-macrobusiness\/","url":"https:\/\/thepatientinvestor.com\/index.php\/2016\/05\/04\/banana-republic-budget-macrobusiness\/","name":"Banana Republic Budget |MacroBusiness - the patient investor","isPartOf":{"@id":"https:\/\/thepatientinvestor.com\/#website"},"primaryImageOfPage":{"@id":"https:\/\/thepatientinvestor.com\/index.php\/2016\/05\/04\/banana-republic-budget-macrobusiness\/#primaryimage"},"image":{"@id":"https:\/\/thepatientinvestor.com\/index.php\/2016\/05\/04\/banana-republic-budget-macrobusiness\/#primaryimage"},"thumbnailUrl":"https:\/\/thepatientinvestor.com\/wp-content\/uploads\/2016\/05\/waegtqe.png","datePublished":"2016-05-04T05:49:15+00:00","breadcrumb":{"@id":"https:\/\/thepatientinvestor.com\/index.php\/2016\/05\/04\/banana-republic-budget-macrobusiness\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/thepatientinvestor.com\/index.php\/2016\/05\/04\/banana-republic-budget-macrobusiness\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/thepatientinvestor.com\/index.php\/2016\/05\/04\/banana-republic-budget-macrobusiness\/#primaryimage","url":"https:\/\/i0.wp.com\/thepatientinvestor.com\/wp-content\/uploads\/2016\/05\/waegtqe.png?fit=1495%2C985&ssl=1","contentUrl":"https:\/\/i0.wp.com\/thepatientinvestor.com\/wp-content\/uploads\/2016\/05\/waegtqe.png?fit=1495%2C985&ssl=1","width":1495,"height":985},{"@type":"BreadcrumbList","@id":"https:\/\/thepatientinvestor.com\/index.php\/2016\/05\/04\/banana-republic-budget-macrobusiness\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/thepatientinvestor.com\/"},{"@type":"ListItem","position":2,"name":"Banana Republic Budget |MacroBusiness"}]},{"@type":"WebSite","@id":"https:\/\/thepatientinvestor.com\/#website","url":"https:\/\/thepatientinvestor.com\/","name":"The Patient Investor","description":"Smart. Strategic. Unfiltered. ","publisher":{"@id":"https:\/\/thepatientinvestor.com\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/thepatientinvestor.com\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/thepatientinvestor.com\/#organization","name":"The Patient Investor Pty Ltd","url":"https:\/\/thepatientinvestor.com\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/thepatientinvestor.com\/#\/schema\/logo\/image\/","url":"https:\/\/i0.wp.com\/thepatientinvestor.com\/wp-content\/uploads\/2026\/03\/cropped-cropped-patience-bg-1-inverted-400x400-1.png?fit=250%2C250&ssl=1","contentUrl":"https:\/\/i0.wp.com\/thepatientinvestor.com\/wp-content\/uploads\/2026\/03\/cropped-cropped-patience-bg-1-inverted-400x400-1.png?fit=250%2C250&ssl=1","width":250,"height":250,"caption":"The Patient Investor Pty Ltd"},"image":{"@id":"https:\/\/thepatientinvestor.com\/#\/schema\/logo\/image\/"},"sameAs":["https:\/\/www.facebook.com\/profile.php?id=61572934660810","https:\/\/www.instagram.com\/colin_thepatientinvestor"]},{"@type":"Person","@id":"https:\/\/thepatientinvestor.com\/#\/schema\/person\/cb072791ac83e8bae585007c133d54a5","name":"ColinTwiggs","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/secure.gravatar.com\/avatar\/876c4d990bb2af282291d5f3ff81533c6deccc0c607846086647ca3272fac0ca?s=96&d=mm&r=g","url":"https:\/\/secure.gravatar.com\/avatar\/876c4d990bb2af282291d5f3ff81533c6deccc0c607846086647ca3272fac0ca?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/876c4d990bb2af282291d5f3ff81533c6deccc0c607846086647ca3272fac0ca?s=96&d=mm&r=g","caption":"ColinTwiggs"},"url":"https:\/\/thepatientinvestor.com\/index.php\/author\/colin58s\/"}]}},"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p9tQ4n-3rD","jetpack_likes_enabled":false,"jetpack-related-posts":[{"id":9828,"url":"https:\/\/thepatientinvestor.com\/index.php\/2014\/05\/19\/where-are-the-budget-alternatives-macrobusiness\/","url_meta":{"origin":13245,"position":0},"title":"Where are the Budget alternatives? | | MacroBusiness","author":"ColinTwiggs","date":"May 19, 2014","format":false,"excerpt":"Hats off to Leith van Onselen for his perceptive comments on Australia's current budget stoush: The point is, it\u2019s fine to oppose Budget savings if you can provide an alternative plan to cut expenditure and\/or raise taxes. But simply opposing measures without providing alternatives, as has been done by the\u2026","rel":"","context":"In "Australia & NZ"","block_context":{"text":"Australia & NZ","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/countries-regions\/australia-nz-countries-regions\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":14239,"url":"https:\/\/thepatientinvestor.com\/index.php\/2016\/09\/28\/government-aims-for-wrong-target-on-debt-macrobusiness\/","url_meta":{"origin":13245,"position":1},"title":"Government aims for wrong target on debt | MacroBusiness","author":"ColinTwiggs","date":"September 28, 2016","format":false,"excerpt":"Macrobusiness quotes LF Economics' submission to the House of Representatives Budget Savings (Omnibus) Bill 2016: ....It is critical policymakers reign in exponentially-growing private sector debts as this consists of a major source of future financial instability. Australia\u2019s household debt to GDP ratio is the highest in the world, at 125%\u2026","rel":"","context":"In "Australia & NZ"","block_context":{"text":"Australia & NZ","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/countries-regions\/australia-nz-countries-regions\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/thepatientinvestor.com\/wp-content\/uploads\/2016\/09\/screenhunter_15143-sep-28-10-37-660x382.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/thepatientinvestor.com\/wp-content\/uploads\/2016\/09\/screenhunter_15143-sep-28-10-37-660x382.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/thepatientinvestor.com\/wp-content\/uploads\/2016\/09\/screenhunter_15143-sep-28-10-37-660x382.jpg?resize=525%2C300&ssl=1 1.5x"},"classes":[]},{"id":9837,"url":"https:\/\/thepatientinvestor.com\/index.php\/2014\/05\/20\/use-land-taxes-to-plug-budget-holes-macrobusiness\/","url_meta":{"origin":13245,"position":2},"title":"Use land taxes to plug budget holes || Macrobusiness","author":"ColinTwiggs","date":"May 20, 2014","format":false,"excerpt":"Great post from Unconventional Economist (reproduced with kind permission from Macrobusiness) gets to the heart of the current budget stoush. Cross-posted from David Collyer at Prosper Australia Sometimes, through the smoke and fireworks of the national debate a political commentator sees the path forward and points the way. Today in\u2026","rel":"","context":"In "Australia & NZ"","block_context":{"text":"Australia & NZ","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/countries-regions\/australia-nz-countries-regions\/"},"img":{"alt_text":"Land Taxes","src":"https:\/\/i0.wp.com\/www.macrobusiness.com.au\/wp-content\/uploads\/2014\/05\/ScreenHunter_18-Jul.-05-10.22-200x200.gif?resize=350%2C200","width":350,"height":200},"classes":[]},{"id":13111,"url":"https:\/\/thepatientinvestor.com\/index.php\/2016\/04\/08\/apra-waves-wet-lettuce-at-bank-offshore-funding-macrobusiness\/","url_meta":{"origin":13245,"position":3},"title":"APRA waves wet lettuce at bank offshore funding | MacroBusiness","author":"ColinTwiggs","date":"April 8, 2016","format":false,"excerpt":"From Leith van Onselen at Macrobusiness: .....the banks\u2019 reliance on offshore funding hit an unprecedented 54% of GDP in the December quarter: As always, the key risk is that the banks\u2019 ability to continue borrowing from offshore rests with foreigners\u2019 willingness to continue extending them credit. This willingness will be\u2026","rel":"","context":"In "Australia & NZ"","block_context":{"text":"Australia & NZ","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/countries-regions\/australia-nz-countries-regions\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/thepatientinvestor.com\/wp-content\/uploads\/2016\/04\/screenhunter_12341-mar-29-15-40-660x402.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/thepatientinvestor.com\/wp-content\/uploads\/2016\/04\/screenhunter_12341-mar-29-15-40-660x402.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/thepatientinvestor.com\/wp-content\/uploads\/2016\/04\/screenhunter_12341-mar-29-15-40-660x402.jpg?resize=525%2C300&ssl=1 1.5x"},"classes":[]},{"id":8270,"url":"https:\/\/thepatientinvestor.com\/index.php\/2013\/08\/12\/superannuation-is-inequitable-and-unsustainable-macrobusiness\/","url_meta":{"origin":13245,"position":4},"title":"Superannuation is inequitable and unsustainable | | MacroBusiness","author":"ColinTwiggs","date":"August 12, 2013","format":false,"excerpt":"I agree with Leith van Onselen that Australia's aged pension\/superannuation regime will be sorely tested over the next 30 years as the number of workers per retiree falls to below 2.5 to 1: But I don't agree with his proposed solution: ...The flat 15% tax on superannuation contributions should also\u2026","rel":"","context":"In "Australia & NZ"","block_context":{"text":"Australia & NZ","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/countries-regions\/australia-nz-countries-regions\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":11804,"url":"https:\/\/thepatientinvestor.com\/index.php\/2015\/05\/12\/federal-budget-2015-worst-cumulative-deficits-in-60-years-chris-joye\/","url_meta":{"origin":13245,"position":5},"title":"Federal budget 2015: worst cumulative deficits in 60 years | Chris Joye","author":"ColinTwiggs","date":"May 12, 2015","format":false,"excerpt":"Chris Joye (AFR) on the budget deficit: There are two critical differences in 2015 that make Australia's current debt burden [42.2% of GDP] much more troubling than that serviced by previous generations. Back in the 1977 and 1983 recessions, the household debt-to-income ratio was only 34 per cent and 37\u2026","rel":"","context":"In "Australia & NZ"","block_context":{"text":"Australia & NZ","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/countries-regions\/australia-nz-countries-regions\/"},"img":{"alt_text":"International Liabilities of Australian Banks","src":"https:\/\/i0.wp.com\/www.macrobusiness.com.au\/wp-content\/uploads\/2014\/06\/erteq-300x209.png?resize=350%2C200","width":350,"height":200},"classes":[]}],"_links":{"self":[{"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/posts\/13245","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/comments?post=13245"}],"version-history":[{"count":0,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/posts\/13245\/revisions"}],"wp:attachment":[{"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/media?parent=13245"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/categories?post=13245"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/tags?post=13245"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}![\"\"](\"https:\/\/i0.wp.com\/thepatientinvestor.com\/wp-content\/uploads\/2016\/05\/waegtqe.png?w=525&ssl=1\")
<\/a><\/p>\n