Australia, land of political transience

This week in Talking Finance, Alan Kohler gives you his take on what he thinks is going on with Australian politics at the moment. There's also markets with Kyle Rodda, Market Analyst at IG Australia; economic news with Beth Ann Bovino, S&P US Chief Economist; and a look at the government's anti-encryption legislation with Ben Grubb, freelance writer and former Fairfax technology editor.

This week in Talking Finance, I give you my take on what I think is going on with Australian politics at the moment.

I'm also joined by:

Hello and welcome to Talking Finance, I’m Alan Kohler.  We tried hard to get a political commentator but they were all too busy for some reason, something’s going on apparently, so here’s what I think about what’s going on.  They’re fighting over opposition.  Clearly, investors now need to get their heads around a Labor government, possibly even one that has control of both houses.  Obviously, I don’t know when that will be but it seems to be inevitable.  That means an end to cash refunds for franking credits, negative gearing confined to new dwellings only, not existing ones and a 45% carbon emissions reduction target, so probably some kind of emissions intensity scheme, possibly even a trading scheme.

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