Why is the world economy is such dire straits? Because too many people, for too long, have assumed that if they have the cash, they can get more money, for nothing.
There’s a fierce debate about how much poker machine reforms will hurt the clubs. There’s no doubt they’ll take a pummelling, but then we have to look at how serious we are about fixing the problem.
The Fed a little less dovish? @NAB’s Ray Attrill on the first response to the FOMC minutes this morning: https://t.co/EOqaA2PyLg