Australia’s Titanic Moment Approaches, As Spin Overrides Reality!

Strip back the political spin, and its clear Australia faces a weak economy ahead, based on a rising structural deficit, and falling productivity. The Titanic and Icebergs springs to mind, as an unsinkable ship sank, and strong migration, Government support for households, and a growing public sector will not be enough to turn the ship around. We really need some more structural reforms, including tax reform, but that seems unlikely. Instead, we get extra doses of spin and half-truths, still heading for the disaster ahead. As I have been highlighting the real issue Australia is facing is centred on fading […]