and please, I hope I'm not right this time.
But there is inflation(obviously) and the economy is not going up (staggered GDP etc.), therefore, according to the definition, we are approaching Stagflation? How come nobody on the news mentioned this?
revisited 26/03
alas i think Australia has yet again dodged the bullet. it's a strange picture of house price rising, commodities export better than ever, and domestic business environment in a mix of laughs and tears. one thing's apparent, though, that there are a lot of vacancies ads on Collins Street. Business, real business, is not good.
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