It seems Australia is starting to struggle and I have a feeling...

It seems Australia is starting to struggle and I have a feeling we may be going into a recession which is very strange considering we looked untouchable during the GFC. Even Labor was gloating about it back then but it seems the latest budget figures are looking disastrious. A $17 billion black hole now. 

The one thing I cannot understand and I believe is the cause of what's to come is the RBA. Why did the RBA lift interest rates to 9% just a few years ago during the GFC when so much trouble was in the horizon? Many people fixed their rates during this time thinking they would go over 10%. 

Now, the RBA has gone to record lows trying to save the economy after we have all been telling them that aussies are struggling. Wouldnt it have just made sense to leave them at 5-6% back then and wait for the market rather than preempting and going to 9% only to see the economy slowly degrade to the point where we may be in a recession. Seem so stupid.