But much of the 0.8% increase in private investment was predictably in mining, and you’d have to admit the 0.9% growth in household consumption, largely on food and transport, isn’t all that jolly?
I’m still hearing jobs are also being lost in other trades, manufacturing and service areas.
I’m still hearing retailers are doing it hard.
I’m still hearing people are struggling to pay the mortgage, because the banks gouged them by refusing to drop their lending margins during the residential property bubble.
I’m still hearing we tax labour and capital for daring to earn an income.
I’m still hearing we continue to reward people with negative gearing for speculating in real estate (even as property prices begin to decline!)
I’m still hearing–with the exception of a watered-down mining tax–you’re still refusing to implement the recommendations of The Henry Tax Review to reinvigorate economy.
Me, unfortunately I remain one of your “doomsayers”, Mr Swan!