For my readers who may be sceptical about my views of Australian real unemployment in recent blogs, please read Robert Gottliebsens' account in todays' Australian 8th Feb 2013. Further insighful analysis can be viewed in the latest edition of Business Acumen (February 2013).
Walking around the suburbs gives you a very different perspective from the aggregate data provided by the top end of town. This economy is in serious and increasing difficulty. That is why the major home builders are starting to "give" stock away.
1991-4 here we go again.
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