A report out shows household living standards are falling in Australia. Wages not keeping pace. Consumer spending which is 60% og GDP has flatlined, housing is still falling 15% of GDP. Retail is falling. Commodities and immigration are the only things keeping a recession away and that is very close.
What will the RBA do?
QE, cut rates, which will force more people onto part pensions.
Govt ÷ Raise first home buyers grant?
Govt is running on borrowed money now.
Sorry cant post article
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