Australia's Retail Recession

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This is not partisan Pepe talking:
While I am not super confident in my prediction, I believe economically things will be improving now that the conservative government has been re-erected.
The Labor Party's inspired franking credit and housing price fears have now abated (yesterday it was reported that housing prices have bottomed), so I expect the next set of figures incorporating the realisation that Labor has lost will see a bounce in the Australian economy in general.

Yes, I know I am talking to myself.
Who else but moi is interested in Australian financial considerations?


https://youtu.be/e7foJC8etms

No, I'm here. Finance isn't really "my thing", but I will say that when a nation (like Australia) bases its prosperity upon industries like sheep, coal, opals, gold, tourism (to list just a few), and doesn't invest in transport infrastructure, technology, education, space, and basically hopes for the best (the expression, "she'll be right mate" comes to mind), the best that one can hope for for such a nation is that it will become like Argentina, and not wind up like Burkina Faso.

Far too much money is already being spent in (non-productive) areas such as health, and with an ever-dwindling tax base (due to, among other things, people living into ripe old age and sponging off the government via pensions) this will become evermore unsustainable. Something will have to give, like 'Medicare'. Australia could be a rich and prosperous nation, but it isn't, and all indicators point in the direction of complete collapse and impoverishment. People in this country are actually becoming poorer, in so many ways (ex. casualisation of workforce), and this is a trend that has been going on at least since the early 1990's.

Recessions have a way of ending and in the right climate economies can grow. Australia is rich in natural resources.

One thing I notices recently in the States is that almost everywhere I go I see signs that say "hiring now". Almost every fast food restaurant has them. And I think that trend is indicative of the entire country.

I'm a moderate conservative with a small dollop of socialistic affinity.
Refer to my signature which says: "Down with big business".
You seem to be far more right-winged than I am, which is fine by me.

Yes, we have seen better times, but I believe we are still considered to be one of the richest countries in the world.
Not sure what benchmark that statement is based on, however. <shrug>

I'm in total agreement about welfare, pensions, Medibank eroding tax revenue while the taxpayer numbers are in the decline, relatively speaking.
Hence the conservative's focus on tackling the "attitude of entitlement" which progressive Labor governments encouraged when they were in office.
BTW, I actually created a slogan for the Labor party when Whitlam introduced single parent pensions with the unintended consequence of school children having babies: "Go into labour with Labor".
They didn't take it up for some reason.

Cheers.

Yes, Trump is providing jobs.
The coloured community is doing well on that point also, so I have heard.

I don't have great faith in "trickle-down economics", however, based on the stats so far.
But time will tell.
Most of the benefit seems to be going into the coffers (or is that covfefe? ) of the corporations, however.

Cheers.