Comment on A recession is coming. And you will not survive. by Meat Axe

Great post Greg, and you are correct. Australia will have a recession of apocalyptic proportions. Explosives have been packed into its economy due to a decade long debt and money-printing binge and, frankly, it is economically safer to just detonate the bomb and clean up afterwards than to try and defuse it with monetary policy. The government and RBA are well known for their incompetence in preventingg the emergence of gargantuan asset bubbles. Despite all the talk, a “soft landing” has never occurred in economic history and I’m not expecting one this time.