ALBOFLATION

"...Albo’s maniac mass immigration is driving rental inflation and over-consumption via rising house prices, and his total failure to curtail energy cartels has delivered bill shocks. Both are contributing to robust and sticky services inflation." ('Macrobusiness')

China is Australia's largest trading partner and makes up
nearly a third (31%) we're told, of our global trade with
exports totaling $159 billion in 2020.

We're heavily reliant on China markets and China work forces
for a lot of goods in our economy. Australia sells an
enormous amount of coal and iron ore to China. If the Chinese
economy slows down significantly than the demand for our
iron ore and coal will decline and affect commodity prices.

Therefore if China goes "on the skids" it could wreck havoc
on our economy which could see our cost-of-living increase
and affect major industries such as manufacturing, construction,
even retail, to name just a few.

A great deal of manufacturing in Australia relies on components
made overseas - many of which are from China. Therefore what
To China's economy is certainly going to hit us hard.

Let us hope that our economic experts are prepared for this event
and will know how to deal with it.

BONHOEFFER’S LETTERS
ttbn,
Hence my constant stating that Australia's worst enemies are from within !

Indyvidual

They are. Our political class (all) and the 'idiots' mentioned above.

Foxy,

The effects of China's economic problems are already becoming apparent as exports to China are reducing especially for higher-end products like the expensive cuts of meat etc.

Note that Evergrand, the Chinese developer that sparked the property crisis has been liquidated leaving US$81bn of unpaid debt.

Sorry,

Evergrande has not been liquidated, just published losses of US81bn.