{"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_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-infrastructure"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - 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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This is good news for manufacturing and heavy industries. .....Trump has supported rebuilding infrastructure from the beginning\u2026","rel":"","context":"In &quot;Stock Markets&quot;","block_context":{"text":"Stock Markets","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/stock-markets\/"},"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":1},"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. 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Enactment of these reforms would generate a win for each side\u2026","rel":"","context":"In &quot;Deficit Spending &amp; Employment&quot;","block_context":{"text":"Deficit Spending &amp; Employment","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/economy\/deficit-spending-employment\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":14926,"url":"https:\/\/thepatientinvestor.com\/index.php\/2017\/03\/10\/australias-economic-growth-is-slowing\/","url_meta":{"origin":15165,"position":4},"title":"Australia&#8217;s economic growth is slowing.","author":"ColinTwiggs","date":"March 10, 2017","format":false,"excerpt":"Employment and Participation rates are falling. Wage rate growth is slowing. Slowing wage rate growth and inflation confirm that the economy is faltering. The RBA, with one eye on the housing bubble, has indicated its reluctance to cut rates further. Increased infrastructure spending by Federal and State governments seems the\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":735,"url":"https:\/\/thepatientinvestor.com\/index.php\/2011\/09\/09\/what-the-country-needs-is-a-new-new-deal-truthdig-2\/","url_meta":{"origin":15165,"position":5},"title":"A New New Deal &#8211; Truthdig","author":"ColinTwiggs","date":"September 9, 2011","format":false,"excerpt":"Decades of experience, in nations across the globe, provide ample evidence that while the private sector plays an important role, it cannot by itself provide employment for all who want to work. There is a way to do that:\u00a0 The government could serve as the \u201cemployer of last resort\u201d under\u2026","rel":"","context":"In &quot;US &amp; Canada&quot;","block_context":{"text":"US &amp; Canada","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/countries-regions\/us-canada-countries-regions\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]}],"_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}]}}