IMO we'll have the start of a Global recession by this time next year
and our Government of whatever party will be helpless to stop it here:
-we're loaded with debt inherited from purportedly "Good Times
-a hostile China that will cruel our economy at the first sight of weakness (we've asked for that!)
-imminent stagflation (high interest rates & negative economic growth (This plagued Japan for a decade)
-no credible plan by either party to deal with this inevitable global recession/depression.
-an unaware (she'll be right) Aus population that is more interested in sport than golbal economics . (just look at the growth of gyms!)
-a lack of politically bilateral cooperation which would put the country/general good first rather than partisan politics.
Or is it:
- Forums
- Political Debate
- NOT A BAD BUDGET JOSHY !!!
IMO we'll have the start of a Global recession by this time next...
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Dusko Ljubojevic, MD
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