Real Economics here, your one
and only source into the world of Australian Economics.
Tonight on Q and A David
Marr said that Australia is a "miracle" economy. Perhaps he is right
and Australia is in a strong economic position, definitely aided by our
powerhouse mining and minerals sector. On the other hand there are many more
indicators that point towards the other view that Australia is sitting on the
edge of an economic cliff. Retail figures prove that other sectors of the
economy are sinking lower and lower by the day, although we may see a change in
these figures as the Australian dollar depreciates.
Do you think that Australia
is in the dire situation we are lead to believe, or should we be grateful that
our economy is still afloat even though coming so close to sinking by the way side?
Yet another Labor policy shambles.
In other news that has made a
prior minor appearance on Real Economics, the Australian Labor Party is again
in trouble with their announcement of letting Gina Rinehart import 1700
offshore workers to be employed in the Pilbara region of WA. It seems that the
ALP is facing a torrent of decisions which have turned around and shot them in
the foot. Do you think that labour will have any chance at the polls next year,
and if they do, will it be with Julia Gillard as their leader? xoxo Real
Economics.
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