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Canadian Recession: Why Australia is Next in Line (Read 906 times)
longweekend58
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Re: Canadian Recession: Why Australia is Next in Line
Reply #15 - Jan 2nd, 2016 at 4:17pm  
polite_gandalf wrote on Jan 2nd, 2016 at 11:49am:
longweekend58 wrote on Jan 1st, 2016 at 1:43pm:
this will be the 5th year in a row the pundits have predicted a recession in australia. one day they will be right but not this year as the economy continues to IMPROVE.


Or more precisely '5th year in a row the pundits have predicted a technical recession.'

Sun Tsu's article demonstrated how meaningless the term is. On the things that actually matter for an economy - investment and national spending, our economy is going to the crapper.



you cannot have subjective definitions of recession otherwise you will always have one or not have one all at the same time depending on who you are talking to.

there is a definition of recession which we continue to use because it ISNT subjective.
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