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Dutton's warning of economic Armageddon under Labor won't cause investors to flee | Stephen...

Discussion in 'Market News' started by Lily, Mar 10, 2016.

  1. Lily

    Lily Forum Member

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    Despite the immigration ministers extraordinary claims, all the persuasive evidence shows investors won’t flee if Labor wins the election

    If Labor wins the upcoming federal election, “I think the economy will come to a shuddering halt and I think the stock market will crash,” Peter Dutton has said.

    It is a significant forecast for a senior cabinet minister to make and one, which if correct, would be a major concern for domestic and foreign investors alike.

    Related: Support for Turnbull slumps as Labor and Coalition deadlocked in Newspoll

    With the polls and betting markets showing a clear move towards Labor in the past few weeks, stocks are up

    Related: Labor's negative gearing reform proposal is economically responsible and fair

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