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Australia should establish SWF: Economists

Posted on 12 November 2010

From Superreview.com.au: Two of Australia’s foremost financial services economists have urged the establishment of a sovereign wealth fund. Praemium chairman Don Stammer and QIC chief executive Doug McTaggart both told the Association of Superannuation Funds of Australia that a sovereign wealth fund was necessary to help Australia cope when the mining boom inevitably ends.
McTaggart said the mining boom was actually bad for Australia because it had created complacency and overconfidence……………………………………….Full Article: Source


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