Seems we may be barelling down on our date with destiny in the Banana republic !
The Good readership of ASF would of course long known this and planned accordingly ??
Australian economy heading for meltdown, warns Access Economicshttp://www.news.com.au/couriermail/s...54-953,00.htmlAUSTRALIA'S economy will "unwind scarily fast" this year with Wayne Swan forced to choose between middle-class welfare and industry bailouts, a report claims.
Leading economic forecaster Access Economics warns in its quarterly Business Outlook, released today, that the nation's economic boom will unravel , halving corporate profits, costing more than 300,000 people their jobs and blowing out the current account deficit to more than $100 billion.
And Queensland is set to be hardest hit by a looming recession, as the collapse in the resource sector strangles our once booming economy and forces the state ``into the slow lane'' for several years.
"Batten the hatches. This is not just a recession. This is the sharpest deceleration Australia's economy has ever seen," the report says.
I wonder will Middle class welfare cop it ? Swany need that couple of grand back he recently sent me ?..... its still sitting idle if he does