8 December 2008 05:32
"Reducing the SG actually improves the Government’s Budget position, because the increased wages would be taxed at a higher rate," Cole said.
"Yes, you do get a short-term reduction in the level of national savings but in the context of this crisis, that is probably an acceptable price to pay to avoid a major recession."
The full text of the economists’ open letter can be read here.
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As super funds work to understand their total portfolio exposure to the artificial intelligence thematic, a complex picture of hidden betas and “attachment points” is gradually emerging. They also need to figure out how to play the same thematic in the “tricky” China market.
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