And the economy is still on track for a correction.
This will result in a sustainable economy (this is a good thing too), one that will benefit everyone. No longer will you have to get a weekend job to help pay for the mortgage. No longer will Gerry Harvey whine about falling retail sales because households are mortgaged up to the hilt.
Australian's will be able to invest in productive assets such as small businesses. There will be little mis-allocation of capital.
Australia will have a future.
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