BULL. And I can prove that it's all BULL.
Australia's Bureau of Statistics shows that both their CPI and GDP are trending downward.
Via ABS here and here. |
The reality is, austerity is slowing down the economy, and the government is starting to worry quite a bit. In the span of less than six months, Australia has now cut the interest rate by 100 basis points, but inflation has only continued to drop -- that's not supposed to happen, right?!?
And let me tell you, that Australian debt has increased two straight quarters, now.
In millions of AUS dollars, via ABS |
Brilliant, eh?
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