This has caused the first drop in the dollar for quite some time and shows the market is skittish after this announcement this afternoon.
The market in Australia had just settled down after a tumultuous election and a final result which everyone wanted weather one side or the other.
Forgetting which party won, the result was a relief for the markets.
Now we are once again in limbo, the market doesn't like this uncertainty, this reaction is to be expected.
This makes us wonder what side of politics the opposition in Australia is on.
We all thought they were to the right, which favours business, it seems we were very wrong.
This action of theirs seems closer to that of Robert Mugabe's style of government.
Forgetting which party won, the result was a relief for the markets.
Now we are once again in limbo, the market doesn't like this uncertainty, this reaction is to be expected.
This makes us wonder what side of politics the opposition in Australia is on.
We all thought they were to the right, which favours business, it seems we were very wrong.
This action of theirs seems closer to that of Robert Mugabe's style of government.
TONY ABBOTT, THEIR LEADER SEEMS TO BE DETERMINED TO PUT SPANNER IN THE WORKS
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