A report out shows household living standards are falling in Australia. Wages not keeping pace. Consumer spending which is 60% og GDP has flatlined, housing is still falling 15% of GDP. Retail is falling. Commodities and immigration are the only things keeping a recession away and that is very close. What will the RBA do? QE, cut rates, which will force more people onto part pensions. Govt ÷ Raise first home buyers grant? Govt is running on borrowed money now. Sorry cant post article
