You have to be careful about who listen to when it comes to the economy. Commentators are hopeless. The economists that they rely on are worse. Markets can be better but are also quite fallible. Right now all three are deluded about Australia’s prospects. From Miranda Maxwell:
There is general agreement that Australia’s economy is slowly but surely rebalancing.
Commonwealth Bank of Australia chairman David Turner said on Tuesday management was optimistic about the economic transition away from the mining investment boom, even though it was “bound to take some time” to move to non-mining led growth.
