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    Is Australia facing the first recession in 20 years?

    But the budget will be back in surplus in 2012/13 - what are you talking about? Typical Liberal scaremongering.
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    Is Australia facing the first recession in 20 years?

    A bit hard to use the Solar Hot Water guy as an example since they are so dependent on government rebates/handouts that it isn't a true reflection on the economy. Although I do agree with the general trend of slower business activity - GST collections are slowing heavily which indicates much...
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    Is Australia facing the first recession in 20 years?

    Yeah cause it'll bring out Debt/GDP ratio to 20% which is still lower than Greece so we must be doing OK let's pat ourselves on the back!
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    Is Australia facing the first recession in 20 years?

    I just returned from a family trip. Seems that relatives always want something for nothing - and if you are successful they expect you to pay for everything. Just pathetic, so lucky they are not in the same country.
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    Is Australia facing the first recession in 20 years?

    You have to understand that double negatives aren't the same as positive statements. On the continuum there are: Positive, Double Negative, Negative. For example: It is common (Positive) It is not uncommon (Double Negative) It is uncommon (Negative) Positive is at one extreme, Negative is at...
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    Is Australia facing the first recession in 20 years?

    Funny how the word 'billions' just rolls of the tongues these days.
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    Is Australia facing the first recession in 20 years?

    Of course it is hard to prove a general state of the economy via anecdotes in Melbourne or Adelaide. But from what I can see I don't disagree with hobo-jo - things aren't that good right now and we all know statistics can be interpreted however you want.
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    Is Australia facing the first recession in 20 years?

    Well it's just like 100 years ago when the horses/cart business went bust after the motor car became popular. Old businesses die to make way for new ones. Nothing new there. The fact that the old businesses here have caused job losses is unfortunate - but let's hope that there is some new...
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    Is Australia facing the first recession in 20 years?

    Too much emphasis on a number that may or may not be negative. Simple fact is that life in the Eastern suburbs isn't good right now and with the Tax-On-Everything coming in July it will get even worse.
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    Is Australia facing the first recession in 20 years?

    Well they'd be out of a job, so no.
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