Relatively not enough to make this time different. Unless you...

Relatively not enough to make this time different. Unless you can persuade everyone that Australia needed a rerating then its exactly the same as the drop in GDP is deeper and the unemployment is higher.
This time isn't fiffrrent just because interest rates are different. That isn't the basis of the argument - the basis is the premise that this time is cifferent from the GFC. Its always different but you have to look at the composition rather than individual differences. That's why it mostly ends up in the same place.