Sticking up for QANTAS (and our economy)

And warning about the dangerous amount of borrowing our government is doing at a time when Europe is on the edge of the abyss.

Future Fund chief, David Murray (who probably knows a thing or two about money and what’s good for Australia’s future):

THE Future Fund chief, David Murray, has backed Qantas in the dispute with its workforce, saying unless companies like the airline tackle entrenched union privilege Australia risks the same fate as Europe.

And he says the government is aping Europe by borrowing to buy votes.

At least – apparently – QANTAS won’t have to deal with anymore strikes for up to four years.

With Gillard borrowing around two billion dollars a week – yes, a week – how much will that be in four years?

Currently it stands at about $215 billion.


    • Carpe Jugulum
    • November 25th, 2011

    It’s official, we’re fucked.

    All the money in the bank has been spent. We are borrowing more than we are earnnbing, we are fucked.

      • Carpe Jugulum
      • November 25th, 2011

      I meant “earning”

        • J.M. Heinrichs
        • November 27th, 2011

        Dang, and I thought you meant ‘earring’. Because ‘earring’ and ‘bing’ do go together, yes?


          • Carpe Jugulum
          • November 27th, 2011

          That would be earring & bling 😉

    • Winston Smith
    • November 27th, 2011

    Total Commonwealth Government Securities
    on Issue – $219,102m
    consisting of:
    Treasury Bonds – $193,453m
    Treasury Indexed Bonds – $14,629m
    Treasury Notes – $11,000m
    Other Securities – $20m
    As at 25 November 2011
    Last week they borrowed $2.1 Billion.

      • Carpe Jugulum
      • November 28th, 2011

      It’s official – were fucked.

      Lady Jugulums tip; go short on the euro, long on the yen and avoid fairfax like poison.

      • How long does LJ reckon the euro has?

    • Up, up and away!

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