Letters of the Week

Treasury forecasts fall wide of the mark

In Alan Kohler’s last weekend briefing, Kohler's Week: Yield, Dow 15,000, The Dollar, Budget Preview, he had a go at treasury forecasts. I think we need more of this. I would like to know who in Treasury comes up with these forecasts and how they get them so wrong. I really believe that I could do better with my calculator and a visit to the supermarket. 

Name withheld

Hurtling toward GFC take two

There are many opinions about the world economy and whether or not bubbles are appearing. It seems to me that the whole process is being manipulated by the same so-called “analysts” who got it wrong last time.

Debt is still a huge problem and in many countries is worse than when the global financial crisis (GFC) hit. I don’t think printing money is the answer, and neither is a low interest rate policy. The greed mentality is back once again. The elements are in place for GFC2, and it could be a lot worse next time around.

Jack Little

Australia and the currency wars

I really enjoyed John Abernethy's article on Apple's cheap borrowing, Will Apple spur an Australian train reaction. Finally, someone is thinking about something other than lowering interest rates. There are many tools the federal government can use to stimulate the economy or manipulate the exchange rate, including engaging in a bit of money printing like the US. The dollar might go a bit haywire for a short time, but at least industries like tourism and manufacturing could have a chance of recovery.  

MU

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