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    Treasury revises doomsday forecasts
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    But Opposition Treasury spokesman Joe Hockey claimed that the jump in government spending from the stimulus would lead the Reserve Bank to keep lifting interest rates. "This will have a massive impact on consumer confidence and potentially jeopardise Australia's economic recovery" Mr Hockey said. Full Article at The Australian
    This will have a massive impact on consumer confidence and potentially jeopardise Australia's economic recovery
    – Joe Hockey SOURCE: The Australian 1 month ago
All quotes from:
Treasury revises doomsday forecasts
  1. With consumer confidence now almost 50 per cent higher than pre-stimulus levels - along with all the impacts that has on business activity and jobs - this data is another great example of stimulus being greater than the sum of its parts
    Wayne Swan – Wayne Swan SOURCE: The Australian 1 month ago

Recent Photos From The Wire

  1. A Tokyo money dealer looks at a monitor as the U.S. dollar is traded at 87.00 yen on the Tokyo foreign exchange in Tokyo, Japan, Tuesday, Dec. 1, 2009. Japan's central bank decided Tuesday to further ease monetary policy by massaging the economy with cheap loans amid government pressure to respond to a surging yen and falling consumer prices.
  2. A protester wearing a face mask bearing the words "Blood products infect us with AIDS" cries on the shoulder of a fellow protester during an AIDS awareness event to mark World AIDS Day in Beijing Tuesday, Dec. 1, 2009. A group of protesters, who have been infected with AIDS or have relatives who are HIV positive due to a blood transfusion disrupted a UNAIDS event, calling for greater support for people living with AIDS/HIV in China.
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  4. European Space Agency (ESA) astronaut Frank De Winne of Belgium rests in a vehicle after he returned to Earth in the Russian Soyuz space capsule, in the steppe near the town of Arkalyk in northern Kazakhstan December 1, 2009.
  5. A view of the Sobibor train station in Poland December 1, 2009. John Demjanjuk, an 89-year-old former U.S. autoworker, was wheeled into a packed Munich court on Monday to face charges he helped kill 27,900 Jews during the Holocaust in what is likely to be Germany's last major Nazi-era war crimes trial. German state prosecutors accuse Demjanjuk of assisting in killings at the Sobibor death camp in Poland, where prosecutors say at least 250,000 Jews were killed.
  6. SEOUL, SOUTH KOREA - DECEMBER 01: (L to R) Hungarian President Laszlo Solyom shakes hands with South Korean President Lee Myung-Bak at the Presidential House on December 1, 2009 in Seoul, South Korea. Solyom is visiting South Korea to discuss economic exchanges and to strengthen bilateral relationships in trade, culture and diplomacy.
  7. A view of the Sobibor train station in Poland December 1, 2009. John Demjanjuk, an 89-year-old former U.S. autoworker, was wheeled into a packed Munich court on Monday to face charges he helped kill 27,900 Jews during the Holocaust in what is likely to be Germany's last major Nazi-era war crimes trial. German state prosecutors accuse Demjanjuk of assisting in killings at the Sobibor death camp in Poland, where prosecutors say at least 250,000 Jews were killed.
  8. Chemical bottles are left in the former laboratory of a Union Carbide Corp, now part of Dow Chemical Co, pesticide plant in Bhopal December 1, 2009, which in December 1984 developed a toxic gas leak resulting in thousands of people dying in the aftermath, in what is called one of the world's worst industrial disasters. Bhopalis and environmental groups say many more people have been harmed since then by pollutants seeping out of the plant site into ground water, which they contend have caused health problems for nearby residents including cancer, growth retardation and dizziness.
  9. SEOUL, SOUTH KOREA - DECEMBER 01: (L to R) Hungarian President Laszlo Solyom and South Korean President Lee Myung-Bak attend during a welcoming ceremony at the Presidential House on December 1, 2009 in Seoul, South Korea. Solyom is visiting South Korea to discuss economic exchanges and to strengthen bilateral relationships in trade, culture and diplomacy.
  10. SEOUL, SOUTH KOREA - DECEMBER 01: (L to R) Hungarian President Laszlo Solyom shakes hands with South Korean President Lee Myung-Bak at the Presidential House on December 1, 2009 in Seoul, South Korea. Solyom is visiting South Korea to discuss economic exchanges and to strengthen bilateral relationships in trade, culture and diplomacy.
  11. SEOUL, SOUTH KOREA - DECEMBER 01: Hungarian President Laszlo Solyom (L) talks with South Korean President Lee Myung-Bak (R) at the Presidential House on December 1, 2009 in Seoul, South Korea. Solyom is visiting South Korea to discuss economic exchanges and to strengthen bilateral relationships in trade, culture and diplomacy.
  12. SEOUL, SOUTH KOREA - DECEMBER 01: (L to R) Hungarian President Laszlo Solyom and South Korean President Lee Myung-Bak attend during a welcoming ceremony at the Presidential House on December 1, 2009 in Seoul, South Korea. Solyom is visiting South Korea to discuss economic exchanges and to strengthen bilateral relationships in trade, culture and diplomacy.
  13. The Russian Soyuz space capsule carrying European Space Agency (ESA) astronaut Frank De Winne of Belgium, Russian cosmonaut Roman Romanenko and Canadian astronaut Robert Thirsk lands in the steppe near the town of Arkalyk, in northern Kazakhstan, December 1, 2009.
  14. SEOUL, SOUTH KOREA - DECEMBER 01: Hungarian President Laszlo Solyom attends a welcoming ceremony at the Presidential House on December 1, 2009 in Seoul, South Korea. Solyom is visiting South Korea to discuss economic exchanges and to strengthen bilateral relationships in trade, culture and diplomacy.
  15. A young Chinese volunteer wears a red ribbon sticker on her cheek during an AIDS awareness event to mark World AIDS Day in Beijing Tuesday, Dec. 1, 2009. A group of protesters, who have been infected with AIDS or have relatives who are HIV positive due to a blood transfusion disrupted a UNAIDS event, calling for greater support for people living with AIDS/HIV in China.
  16. A protester wears a face mask bearing the words "Blood products infect us with AIDS" as she cries during an AIDS awareness event to mark World AIDS Day in Beijing Tuesday, Dec. 1, 2009. A group of protesters, who have been infected with AIDS or have relatives who are HIV positive due to a blood transfusion disrupted a UNAIDS event, calling for greater support for people living with AIDS/HIV in China.
  17. Piggy banks are piled up as volunteers wearing Santa Claus costumes perform in a campaign to raise money for a charity donation in Seoul, South Korea, Tuesday, Dec. 1, 2009. Christmas is one of the biggest holidays in South Korea where over half of the population of 48 million are Christians.
  18. 1,004 South Korean volunteers wearing Santa Claus costumes pose in a campaign to raise money for a charity donation in Seoul, South Korea, Tuesday, Dec. 1, 2009. Christmas is one of the biggest holidays in South Korea where over half of the population of 48 million are Christians.