A golden road to surplus? Tell Abbott he's dreaming

With consumer confidence stuck far too low and an overpriced housing market, money will not be falling from the sky under an Abbott administration. Sunny illusions won't fuel Australia's growth.

It feels good, doesn’t it? A new government and — dare one say it — new hope, reward and opportunity. (Mr Loughnane, please send the cheque via the Business Spectator office.)

The ASX200 is up a bit over 2 per cent in a week. House prices are booming. The Abbott government is preparing to pay down the debt and, though unemployment is rising, that will soon be turned around. Just you wait and see.

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