Update 1st December 2009Financial Outlook for 2010With the end of the 2009 year approching rapidly we have to ponder on what 2010 might bring. Particularly given the latest scare involving sovereign debt in Dubai. It raises the possibilitiy of considering who might be next ? Iceland, Ireland, Greece or any one of a dozen East European states ofreven perhaps the UK. Then there is the US, so deep in debt and still spending and printing vast truckloads of Bonds and US Dollars every week. And, on a smaller scale Australia doing something similar. Does ithis raise the possibilty of the Rudd Govt. deciding to make it compulsory for all Super. Funds to buy Government issued Securities to underwrite their debt laden budget ? It's a scary thought but it must be tempting for them, seeing all those billions close at hand and them having no solutions to the problems they have generated by too much crazy spending.
Meanwhile, we close our thirty-first year in this business with an announcement of new updates to our product range and new property planning services to be launched in early 2010. So it only remains to wish our customers and suppliers and their families a Happy Christmas and a promising and healthy New Year for 2010. Anthony Wilicocks
If you are planning to use super. borrowing in 2010, use this link.
(See our A4Companies Super Fund Gearing Checklist) 31
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