If you look around you and forget about all of the commentators you would think we are heading for a depression.Australia is simply not competitive and it will hit the fan sooner or later.Large foreign debt and falling exports.We relied too heavily on mining and have become a welfare state like those in Europe.The key figure is employment and if it starts to rise we will see a property bust flowing through to the share market.Banks will have bad debts.We need to get back to basics and quick such as slashing sickies back to 4-6 days pa as an example.Cut annual leave to 2 weeks.
