Firstly i wouldn't trust any economist, however it is clear that we are weakening structurally and the high levels of personal debts owed on unproductive assets makes us vulnerable. We haven't had any major structural reforms (tax or whaever) since Keating was booted out. The deputy sheriff and Pistol Pete didn't do much but spread the riches to the middle and upper class. They didn't lay the next foundation for growth. Luckily China's industrial rise occurred.
A major slowdown in mining may be the recessionary trigger. Any associated largish nominal falls in housing will create a domino effect.
