Seems some have not heard of the Global Financial Crisis that warranted huge stimulus strategies throughout the world. Australia has come out in just about the best position of countries around the globe. We avoided a recession that would have killed off confidence and killed off more jobs. Australia is indeed entitled to be called the lucky country and is leading the way in economic recovery.
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No the GFC stimulus didn't really help things. All it has done is push the demand curve further forward and perpetuate the bubble. They should have let things crash and for sound money to be re-introduced, and for the system to re-build itself based on real growth, not hyped up clap-trap.
If you understand fractional reserve lending, you will see that this is going to cost us for many years to come. Ironically this "confidence" you speak of is completely false. Luckily for the government, their spin doctors, and the populist media, the average Australian will gobble this "recovery" talk up. Unfortunately real recoveries can't be built on confidence and hope alone, when the fundamentals are shot to pieces.
If you really believe we are leading the way to an economic recovery then I suggest you study economics and have a look under the hood, and just because everybody else is sticking their hands in the fire, it doesn't mean we should do it to.
I hope you are not a funds manager or stock-broker.
Using a shovel to dig yourself out of a hole will never works.
