Why The Slowdown Is Happening.

Posted by on July 31st, 2008 at 11:27pm

CTM books wrote an interesting post today on
Here’s a quick excerpt
Things have been pretty good for the Australian economy over the last 15 years.The last recession is a distant memory, profit growth has been solid for years and until recently inflation and interest rates were generally benign. However, earlier this year we started to get concerned that the risk of a hard landing was rising. (In February). The AMP’s chief economist, Dr Shane Oliver says “our main concern was that the RBA was going too far in raising interest rates. “It has since become incre

Read the rest of this great post here

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