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pintohoo

82,820 Posts.

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04/03/19

11:29

Post #: 37641937
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Originally posted by All4One ↑

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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The dollar is telling the story. Will be renamed the Peso this time.

Mining isn’t going to save us next time.
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