You may have noticed that things have been pretty good lately. The economy is booming. Unemployment is down. And market sentiment is, generally, pretty cheerful. Overall, Australia has been a place of sunshine and financial…
They call Australia the miracle economy for good reason. It’s a bloody miracle that people believe spending money you don’t have qualifies as genuine growth.
What will that future look like, anyway? Apparently an Australia with four ‘super cities’ and depopulated regional areas. That’s if current trends persist.
28th February. The day when the Australian Bureau of Statistics (ABS) reveals whether the Aussie economy went into recession during the last quarter.
Wages growth is non-existent, which means Australia continues to rely heavily on house price growth to make people ‘feel’ wealthier.
When there are grave economic matters facing us, there’s nothing like the hubbub of a good diversion to distract and regale.
The Aussie dollar rally comes less than a day after the Australian Bureau of Statistics reported horrendous trade data for December.
The figures for GDP growth for the first quarter are out. The results show that the Australian economy grew by 0.9% in the first three months up to March.
Four hundred years is a long way to go back for a bit of investment wisdom. But there’s a link to today’s real estate market. So off we go.
Investment spending’s contribution to GDP growth is over for Australia’s economy. We’re over the cliff because there was no bridge to another boom.