australia faces worse crisis than america, page-5

  1. 640 Posts.
    ""It is amazing that in the midst of the biggest commodity boom ever seen they have still been unable to get a current account surplus. They have been living beyond their means for 10 years. What worries me is that productivity growth has been very low: they have coasting after their reforms in the 1990s," he said."

    Says it all right there.

    Tears of blood to come.
 
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