Australia’s luck is running out

From this point on the road becomes a lot more bumpy. As you will see below I invite readers to offer suggestions to smooth the path for non-mining Australia, but it will not be easy.

The looming falls in interest rates will not do much to smooth the path and, in the short term, they might even be counter productive because they will slash the income of many retirees.

For the full story visit Business Spectator.

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