Cracks starting to appear, as insolvencies hit record high 3h agoBy Emilia Terzon This one from our chief business corro, Ian Verrender."The cracks are starting to appear. At least here," he writes."While America's economy continues to defy the odds, with stronger-than-anticipated inflation, employment and spending, Australia's economy is labouring under the growing weight of the past two years of rate hikes."Even though the Fed has hiked rates more than the Reserve Bank, the effect on mortgage interest rates here has been dramatically higher."And this fresh data shows why.The cracks in Australia's economy are starting to appear as business insolvencies hit record highs.
All thios info is available on the LWNJ ABC site......you will only see these articles posted by a so called swinging voter
