From the ABC - weren't we told only a few days ago that we wouldn't go into recession ? Now it's a "moderate" recession.
Then there's Rudd saying spend, spend, spend, don't save , nice message to our kids from the Prime Minister.
Would be better if all these fools would just shut up.
Economists have declared the non-farm economy is heading into recession after a National Australia Bank (NAB) monthly survey found business confidence is at a record low.
The NAB index dropped one point in November to a new low of negative-30 as forward orders fell to 1991 levels.
Confidence is down across all industries and all sectors apart from mining and transport are reporting their actual business conditions worsened last month.
NAB chief economist Alan Oster now says the total economy will contract this quarter.
"We wouldn't say there's a recession in the total economy, but it does look like the non-farm economy is probably going to be going into a moderate recession," he said.