There is a lot of press about Wayne Swan and cronies trying to shut down any talk of recession...
Meanwhile even without the R-word the signs are there for all to see. And when bankers start downsizing...
The deputy prime minister of Australia, Wayne Swan attacked Goldman Sachs Group Inc. (NYSE:GS) analyst for creating overly pessimistic view of the Australian economy. Goldman Sachs Group Inc. (NYSE:GS) economist Tim Toohey said in a research report (embedded below) yesterday that the resource-rich economy has a 20 percent chance of falling into a recession. Australia has posted uninterrupted economic growth for more than 21 years.(here).
Meanwhile even without the R-word the signs are there for all to see. And when bankers start downsizing...
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