Gillard to push Australia into recession?

I promised you that I would update you on Australia in greater detail given my prediction that the Australian housing bubble would pop. Last week we carried two posts on the bubble (see here and here). It is clear that Australia will be caught up in the global growth slowdown and that the collapsed credit growth from the deflating housing bubble in Australia is a harbinger of reduced economic growth. I wrote last:

Question: how long will the government compensate with deficit spending? If...


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