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2020 bubbles will come home to roost!you were saying that very...

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Bunn-Wackett

22,490 Posts.

1250

09/12/19

13:03

Post #: 41868956
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Originally posted by usc75: ↑

Underemployment Dives OZ Into Economic Recession...

2.3 million Aussies are either Unemployed or Underemployed!

1.1m Unemployed = 7.8% of workforce...
1.2m Underemployed = 8.9% of workforce...

ScoMo & Josh are living in Canberra Bubble...

http://www.roymorgan.com/findings/8195-australian-unemployment-estimates-october-2019-201911130611

So, it's no wonder for latest Qtr:
* Real GDP Growth = 0
* Real GDP/Capita = 0
* C component of GDP (= 60% of GDP + C+I+G+X-M) Growth = 0
* I component of GDP = 0
* Retails sales are worst on record
* Car sales are tanking
* $5.2bn Tax Rebates are not stimulating GDP
* Falling Interest Rates to Lowest on Record did Zip to GDP

What's Growing?
* G = Gov't spending by 17% +
* X = Exports-Iron Ore & Coal (yes, that "dirty" word-increasing, thanks to President Xi
* Housing Prices, further warnings of Housing Price Bubble, thus CRASH
* Stock Market-ASX- new records, further warnings of ASX CRASH

Enjoy X-Mass...

2020 bubbles will come home to roost!

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2020 bubbles will come home to roost!

you were saying that very same thing five years ago.....
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