I assume that if you are an investor that you would appreciate that its not 'one size fits all"
So in relation to the Aus economy that is true also.
Take the GFC for example. It negatively impacted most working class Aussies while some investors in gold, IO & Met coal etc prospered.
But of course the minerals windfall only benefitted a small minority..... so much so that the Government had to offer massive Gov guarantees on bank deposits to avert a run on the banks /
IMO the same will likely happen again except that the mix may be different. There is much ado about a housing bubble and so long as our population continues to increase about 500,000 P/A , demand will always prop up price increases.
The remedy of course is to increase housing supply and to date that has evidently been inadequate and with the prospect of a Lib Coalition within months, the housing market is likely to get less Government interference/support rather than more, IMO.
That leaves us with speculation about the impact of Trump Tariffs on China and to what extent that that will impact Aus given that over 30% of our economy is China dependant in both exports and imports.
So IMO there is a difference this time around in comparison to the GFC in that our fate is less dependant on O/S housing bubble but even more dependant on China trade than it was in 2008.
IMO given the inevitable recession facing Aus , we would have been better off to join the BRI in a limited way like Japan or NZ and as such remain a favoured China supplier.
