{"id":15165,"date":"2017-04-21T02:58:37","date_gmt":"2017-04-21T06:58:37","guid":{"rendered":"http:\/\/goldstocksforex.com\/?p=15165"},"modified":"2017-04-21T02:58:37","modified_gmt":"2017-04-21T06:58:37","slug":"federal-budget-2017-the-next-boom-is-under-way-before-another-bust","status":"publish","type":"post","link":"https:\/\/thepatientinvestor.com\/index.php\/2017\/04\/21\/federal-budget-2017-the-next-boom-is-under-way-before-another-bust\/","title":{"rendered":"Federal budget 2017: The next boom is under way \u2013 before another bust"},"content":{"rendered":"<p>From Michael Pascoe:<\/p>\n<blockquote><p>A Caterpillar and Komatsu cavalry is arriving just in time to save the next two federal budgets from the effects of slowing residential building approvals, solving one of Treasurer Scott Morrison&#8217;s fiscal dilemmas. National spending on transport infrastructure is in the process of soaring 73 per cent from last financial year to 2018-19, according to industry research company Macromonitor. <\/p>\n<p><a href=\"http:\/\/www.theage.com.au\/business\/federal-budget\/federal-budget-2017-the-next-boom-is-under-way--before-another-bust-20170420-gvp11z.html?promote_channel=edmail&amp;mbnr=MTQyOTU1Nzk&amp;eid=email:nnn-13omn658-ret_newsl-membereng:nnn-04%2F11%2F2013-business_news_am-dom-business-nnn-age-u&amp;campaign_code=13IBU020&amp;et_bid=29074998&amp;name=2033_age_busnews_am&amp;instance=2017-04-20--21-04--UTC\"><img data-recalc-dims=\"1\" decoding=\"async\" class=\"alignnone size-full\" src=\"https:\/\/i0.wp.com\/thepatientinvestor.com\/wp-content\/uploads\/2017\/04\/1492671308867.png?w=525&#038;ssl=1\" alt=\"\" \/><\/a><\/p>\n<p>Spending on road and rail hit a cyclical low of about $19 billion in 2015-16. In constant dollars, the cycle is expected to peak at $33 billion in 2018-19. That spending would more than cover a 10 per cent decline from last year&#8217;s $63 billion worth of new residential building&#8230;.<\/p><\/blockquote>\n<p>Increased infrastructure spending is welcome but former RBA governor&#8217;s comments on setting up a proper process of infrastructure planning and selection [see link below] highlight the negative boom-bust mentality of government focused on the election cycle.<\/p>\n<p>Source: <a href=\"http:\/\/www.smh.com.au\/business\/federal-budget\/federal-budget-2017-the-next-boom-is-under-way--before-another-bust-20170420-gvp11z.html\">Federal budget 2017: The next boom is under way \u2013 before another bust<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>From Michael Pascoe: A Caterpillar and Komatsu cavalry is arriving just in time to save the next two federal budgets from the effects of slowing residential building approvals, solving one of Treasurer Scott Morrison&#8217;s fiscal dilemmas. National spending on transport infrastructure is in the process of soaring 73 per cent from last financial year to &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/thepatientinvestor.com\/index.php\/2017\/04\/21\/federal-budget-2017-the-next-boom-is-under-way-before-another-bust\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Federal budget 2017: The next boom is under way \u2013 before another bust&#8221;<\/span><\/a><\/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_feature_clip_id":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[40,15],"tags":[],"class_list":["post-15165","post","type-post","status-publish","format-standard","hentry","category-australia-nz-countries-regions","category-investment-saving"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Federal budget 2017: The next boom is under way \u2013 before another bust - 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=\"Federal budget 2017: The next boom is under way \u2013 before another bust - the patient investor\" \/>\n<meta property=\"og:description\" content=\"From Michael Pascoe: A Caterpillar and Komatsu cavalry is arriving just in time to save the next two federal budgets from the effects of slowing residential building approvals, solving one of Treasurer Scott Morrison&#8217;s fiscal dilemmas. 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Barack Obama managed to hike it 3.5 points in just one term, with 3.2\u2026","rel":"","context":"In &quot;Economy&quot;","block_context":{"text":"Economy","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/economy\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":21950,"url":"https:\/\/thepatientinvestor.com\/index.php\/2020\/10\/10\/federal-budget-lifts-asx\/","url_meta":{"origin":15165,"position":2},"title":"Federal budget lifts ASX","author":"Colin Twiggs","date":"October 10, 2020","format":false,"excerpt":"The federal budget plunged to a record deficit of 11% of GDP for 2020\/21, compared to a balanced position in 2018\/19 and a 4.3% deficit in 2019\/20. Net debt is projected to increase to 36.1% of GDP by June 2021 before peaking at 43.8% by June 2024. The stock market\u2026","rel":"","context":"In &quot;Australia &amp; NZ&quot;","block_context":{"text":"Australia &amp; NZ","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/countries-regions\/australia-nz-countries-regions\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":23679,"url":"https:\/\/thepatientinvestor.com\/index.php\/2021\/01\/14\/danielle-dimartino-booth-on-the-future-of-the-federal-reserve\/","url_meta":{"origin":15165,"position":3},"title":"Danielle DiMartino Booth On The Future Of The Federal Reserve","author":"Colin Twiggs","date":"January 14, 2021","format":false,"excerpt":"https:\/\/soundcloud.com\/superinvestors\/38-danielle-dimartino-booth-on-the-future-of-the-federal-reserve","rel":"","context":"In &quot;Banks &amp; Interest Rates&quot;","block_context":{"text":"Banks &amp; Interest Rates","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/economy\/the-fed-banks-interest-rates\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":7100,"url":"https:\/\/thepatientinvestor.com\/index.php\/2013\/03\/20\/unintended-consequences-rewarding-failure\/","url_meta":{"origin":15165,"position":4},"title":"Unintended consequences: Rewarding failure","author":"ColinTwiggs","date":"March 20, 2013","format":false,"excerpt":"Robert Shiller summarizes the arguments for raising taxes and increasing government spending at Project Syndicate: ......while that [austerity] approach to debt works well for a single household in trouble, it does not work well for an entire economy, for the spending cuts only worsen the problem. This is the paradox\u2026","rel":"","context":"In &quot;Economy&quot;","block_context":{"text":"Economy","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/economy\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":23883,"url":"https:\/\/thepatientinvestor.com\/index.php\/2021\/01\/29\/usa-flattening-the-curve\/","url_meta":{"origin":15165,"position":5},"title":"USA: Flattening the curve","author":"Colin Twiggs","date":"January 29, 2021","format":false,"excerpt":"Daily COVID-19 cases in the US have almost halved from their early January peak of 300,000. And daily deaths are starting to level off as the vaccine roll-out takes effect. Initial jobless claims declined slightly to 847,000 for the week ended January 23rd, compared to 927,000 for w\/e January 9th.\u2026","rel":"","context":"In &quot;GDP and Activity&quot;","block_context":{"text":"GDP and Activity","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/economy\/gdp-and-activity\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]}],"jetpack_featured_media_url":"","_links":{"self":[{"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/posts\/15165","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=15165"}],"version-history":[{"count":0,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/posts\/15165\/revisions"}],"wp:attachment":[{"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/media?parent=15165"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/categories?post=15165"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/tags?post=15165"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}