well i was quite surprised. +1.2 and with a last quarter revision gives a total of +1.1 for the running year. so no recession as yet. no cut in interest rates as long as spending continues and huge amounts of mining investment which i am sure will continue forever- i am a big fan of resource tax?-we all need to profit from this.
on another topic stock markets are a joke. down one day because of european debt concerns. up the next because bernanke thoughtfully stroked his beard. standing back and looking at the big picture; huge debt burdens will suppress growth for many years to come. stock markets will struggle for many years to come.
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