wow, boom times ahead.

Let the world keep on going with the gravy train, as debt by the advanced economies has been predicted to reach 124% of GDP in 2020, the same level as after second world war.

Yep, let us rely on higher housing costs and ignore the ridiculous trend of lower home ownership for a growing minority.

And who cares about the pensioners and savers who are now to get negative returns on any super they hold in cash.

How dare they choose to avoid owning shares. They should be encouraged to take the same stupid risk that will confront society when the next crash comes if the deck of cards falls sooner rather than later.

And, wow, the cost of serving debt is the lowest for some times due to the rigging of interest rates intended to avoid recession.

Yep, great status quo analysis.

China MAY NOT become such a rising Economic (ie. NOT passing the US) or Strategic threat to Australia if the author's following statements come true:

"By the end of this decade [2030], the Chinese economy will slow down to a growth rate of no more than 2% per annum by 2030. The reason that happens is that the one-child policy has finally hit the growth in the labour force, and it doesn't seem that the Chinese population wants to increase that from that rate of natural growth.

Because of that very slow growth in the Chinese labour force, what you'll see is by the end of this decade, the economies of India, Indonesia and Vietnam will all be growing faster than China because their labour force is growing more rapidly."

I reckon the CCP would merely laugh at predictions of its demise with regard to its economy growth rates.

I am laughing too.

China predicted to be biggest economy by 2028,
https://www.bbc.com/news/world-asia-china-55454146

so who really cares if its growth rate is just 2%.

It will have enormous clout, even more if the mercantile actions of the CCP are not resisted in coming years

Quantitative easing is the last resort of the technically bankrupt!

And needs to be reserved for income-earning infrastructure! Not recurrent spending! The building of income-earning infrastructure was the catalyst that not just propelled us out of the Great Depression, but up and onward to an unprecedented period of post-war prosperity as the third wealthiest nation on earth and a creditor one at that!

All we've seen from the Morrison government, has been, by and large handouts and charity for the big end of town and to a lesser extent small business! Where are the visionary projects we need to grow the economy and retire a trillion of debt?

Myriad total length of river dams, rapid rail, an inland shipping canal? MSR thorium! And that is just the beginning!

None of the foregoing is what you get from coal-fired, conservative think tanks! With skin in the coal industry? As we confront a future all but guaranteed to include ever-increasing punitive carbon tariffs And coal, gas and oil we can't give away!

And don't think there's any more vision in (coal, coal, coal) labor ranks, cause there's hardly more!
Alan B.

Nothing to see here just the continuance of unaffordable housing, massive underemployment and the joint sold off to, price gouging, tax-avoiding, profit repatriating foreigners!?

And lots of blah, blah from the hula, hula PM. At least Mr rabbit for all his faults, knew how to hold a hose?

With this government, the more things change, the more they stay the same old, same old!
Alan B.