Via Alan Kohler who sure can ring a bell at the top:
Australia’s last recession, now 28 years ago, was famously deliberate, designed to crush three unwanted breakouts — the current account deficit, wages and the property market — through the blunt-force trauma of unemployment.
The next one will probably be an accident — these days central banks do anything to avoid recessions, including negative interest rates and printing money. What’s more, it looks a very long way off.
