Chalmers is out of his depth, page-9

Australia has never really had a time except maybe in the 1932 stock crash and the world wars where times were economically desperate for people.
Since the end of the Second World War, Australia has grown on the back of its resources, which started with the wool trade back in the 18th century, and from then on until now, Australia has grown as a nation. Girt by Sea.

But the next 2 years will be the worst for average and mid rich people in Australia, particularly the people with families and a mortgage who just cannot keep up with the inflation rate or the costs of things. The poor are going to be poured into homelessness, which ultimately leads to crime and rebellion as people have nothing to lose. You know this might sound strange, but there have been some people who have thought as committing a crime and going to prison as a way to be taken care of in times as such.

A big indicator will be if the house default forclosures increase rapidly after the variable rate lock in comes to an end. Later this year.
The retail sector will be decimated only online warehouse to door will exist eventually, and only large retailers will survive. Just maybe.
Dark days ahead my friends, the likes we have never seen.