Sir lastnail wrote on Dec 11
th, 2013 at 9:43pm:
Yep another recession we have to have.
They should have hit the recession button after the GFC instead of blowing up a property bubble with massive amounts of debt which was a stupid labor initiative. Now we will get a worse recession whether we like it or not
This won't be any ordinary recession, the Great Depression will pale in comparison.
Remember all that bleating about how we avoided the worst of the GFC?
Guess what?
We haven't had it yet. Our turn is coming.
We can only use stimulus for so long, the house of cards will collapse sooner or later. It looks like the end of the street is coming up for the can kickers, it's almost time to pay the piper.
It would have happened with or without the carbon tax, that's a small player in the scheme of things. Industry is not closing because of carbon tax, not one company has cited carbon tax as the reason for closing down.
We can't compete, it's as simple as that.