Comments from Australian Treasury Secretary John Fraser speaking to a parliamentary committee this morning
- He says the low cost of servicing government debt won't be sustained
Comments from a little while ago, Bloomberg with the headline and me with the delayed posting ...
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Fraser stating the obvious. Which, well, ya sorta gotta do when speaking to our elected leaders ... pretty regardless of country, amIright?
Yep, interest rates ain't gonna be this low for ever.
Anyone remember the 1980s and the towering level of interest rates then? That didn't last forever, either.
Which reminds me ... its Back to the Future Day, 21 October 2015!
Here's another taste of 1985 ... still like this one, and the Ataris cover is a goodie, too:
