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Re:AUSTRALIA - THE WORST IS YET TO COME!

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By: guy.longshank1
24/10/2009
1:45 pm

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AUSTRALIA - THE WORST IS YET TO COME! Reply to this message
steve_b_wilson is correct.

Note: Many comments posted by him and many others may be read on his fine BLOG, "AUSTRALIA ECONOMIC DISASTER LOOMS!"

A real and sustainable recovery has not yet begun to develop. It is true! that as I look around I see some positive signs.

However, these signs are not the ONLY ones I see.

In fact, a closer look combined with a more careful review of ALL available information rather than just that which would encourage us to believe we are already "our of the woods" and now on the path to a quick and real recovery promptly reveals the real situation.

ONGOING ECONOMIC DETERIORATION!

Jobs continue to be lost with little prospect of those who have lost their jobs being able to gain worthwhile employment elsewhere in the near future.

Businesses continue to close or greatly reduce output.

Businesses continue to relocate operations offshore.

The cost of living continues to increase.

The cost of borrowing money increasing.

AUSTRALIA - ECONOMIC DISASTER LOOMS & THE WORST IS YET TO COME!
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