The privatization of the final parcel of Telstra known as T3 has now been postponed. What does this mean for the future of the government bond market, considering the Treasurer had planned to use the proceeds from T3 to pay off government debt
Johnson There will be some rethinking of the government's anti-debt policies and soon they will be telling us why we can live with $50 billion worth of commonwealth bonds, which is how much debt is currently outstanding. They don't have much choice really because of the drought and the slowing economic conditions. After a while I think shrinking surpluses and a desire to get the economy moving again will probably lead to...
