. Australia is one of a handful of nations that has a AAA rating.
11 nations I think, however if debt keeps going up that will change
. The OCR is at record low levels and private debt levels that maxed out due to the Howard Govt profligate habits have stabilised and are slowly deflating.
People felt comfortable to borrow - they don't now they are worried about their jobs, increased labor taxes and costs of living increases felt under labor
. Savings rates have risen to record highs of 10%+ of disposable income.
Per above comments - no confidence by the general public nor business
. GDP growth is close to trend at ~2.5%.
That's China and the good work done by the LNP to facilitate getting our minerals into it.
. The CPI is also ~2.5% and looking very good for the foreseeable future.
What do you expect when no one is spending?
. Net public debt is ~30% of GDP and about one tenth of that for some of our major trading partners.
Why should we be paying that interest bill on what was mostly wasted by the incompetents in charge for the last 6 years
. Unemployment is 5.7% and predicted to max out at 6.2% - the stuff of dreams for nations like France, Spain and the good ol'd UK under those wonderful Tories.
We are not Europe and you cant compare us to them that's just a stupid argument. Does anyone in their right mind actually believe the ABS unemployment data?
You shouldn't blindly accept what comes from Abbott's mouth; even he said it couldn't be taken as gospel truth unless it was in writing.
You cant believe a thing that comes from krudds mouth or from Gillard either. If all this is so good why isn't krudd pushing it instead of being so negative?
