John Hewson's damning economic analysis

So much for Scott Morrison's self-serving spin about a strong economy, in that article below John Hewson paints a very different picture:

"... Our growth is already slowing. House prices are threatening historically large falls. Wages are still flat, so households have been running down their savings, and increasing their debts, just to meet the rising costs of living. Household debt is nearly the highest in the world, and banks have been restricting credit. …"

"... The RBA is powerless to respond, having left the system (especially asset prices and household debt) to drift, still deluded in its belief that it controlled inflation. …"

"...We have all the elements, globally and domestically, for a major economic and political crisis. Not if, but when. She’ll be right? No she won't."

https://www.theage.com.au/business/the-economy/she-won-t-be-right-the-economic-storm-our-leaders-ignore-20190117-p50rw4.html