Sunday The lock down forced most people to change their routine. A common routine of the Australian culture, and of many others in the Western world, involved working to produce an income, followed by regular visits to the cinema, cafes, restaurants and bars etc. for relaxation and entertainment. A simple but pleasant life that summed up as economic … [Read more...]
Australia’s economy is likely to have slowed, the question is by how much?
Wednesday https://www.abc.net.au/news/2018-12-02/australian-economy-likely-to-have-slowed/10570146 The above article is from the ABC and, as usual, they best represent the out-of-touch with reality nonchalance of our ruling elite. Gross Domestic Product (GDP) is used as the measure of economic health. Essentially, GDP is composed of every penny spent; no matter how it … [Read more...]