Wednesday, 9 September 2009

And just as Malcolm said ease up …


Along comes the Australian Bureau of Statistics to remind us that everything is not always straight forward in this economics business. Malcolm Turnbull might have decided that the Government had overreacted to the world financial crisis which was never as bad as the Government said and was out saying as much this morning but Treasurer Wayne Swan keeps maintaining that we are not out of trouble yet. And the Treasurer’s caution looks a lot more sensible after these figures showing a drop in retail sales and weaker housing commitment figures.

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