Australia Budget Numbers Don't Look Credible

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May 9 (Bloomberg) -- Andrew Pease, Sydney-based chief investment strategist for the Asia-Pacific region at Russell Investment Group, talks about Australia's new budget and central bank monetary policy. The government in Australia will cut spending for the first time in at least 42 years as Prime Minister Julia Gillard ends four years of budget deficits, giving the central bank flexibility to lower interest rates. Pease also discusses financial markets and the European debt crisis with Susan Li on Bloomberg Television's "First Up." (Source: Bloomberg)


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