Well i suppose if you look at the inflation level just out for December it has gone up to 7.1 quickly, now it could be a supply chain thing, and the ole it's the ukraine war thing, but i think it is culmination of a lot of factors including the housing market which isn;t coming down at all i feel it's just on hold.
It's like standing close to a fire and being hypnotized by the flames, when suddenly you realize you are in the fire.
It's a perfect calm just before a global recession hits, now what is interesting is this voice thing that labor are selling could have a lot to do with giving back Australian land to aborigines, if that happens Australia would definitely go into a terminal crash and burn situation. But it would also have the effect of making housing affordable again.
This sounds absurd doesn't it if we were not living in very extremely left strange times, and the greens and the left would be on board for this to happen and now is the opportunity to do it, and say it's just fair and get away with it.
A lot of factors and outcome may happen, but it is classic pre recession conditions for a recession worse than 1932. And yep i think this year is the year sometime.
This scenario terrorfies me, but i can see it happening. Hope for gods sake i'm wrong.
