What a result!. right now a possible hung parliament, but maybe a coalition win of one seat with negotiated agreement of the 3 independents.
The Liberals have a "moral right" to govern, in that they had a higher primary vote than labor. Labor had a preference swap with the greens, and that 2nd preference has helped them to be nearly "over the line". In some places their vote dropped as low as 35% others 38%.
The greens now will have 9 in the senate after July , and 1 in the house of reps. 14%of the vote, and the preferences made them the kingmakers.They are far left, not like the Australian Democrats who were centre -left.
We can look forward to much more instability, and a futher damage to our good investment destination - our reputation. The sharemarket is likely to remain under the 4500 level for sometime.
The USA looks to be in more trouble and the 2nd wave recession is looming. so cut back on your costs, and unecessary spending.
We might see another federal election in 18mths. so be ready.
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