OK in surplus because of the currency differential, and a difficult lending environment which curtailed capital linvestment.
Austalia was ( and still is ) a great place to live , provided you didn't travel and or had the need to buy goods externally.
I had the experience of wrestling with the cr*p AUD whilst trying to run a business in Australia through the Howard years, fe*king hardwork I can assure you.
Are we in a better place, answer is no, because we have internal wages break out, yup the exchange rate is good, the internal costs are rubbish, the whole thing is destined for the dificulties we saw in 1987 cost of funds high compared to the world, real productivity low, actual productivity questionable, pockets of good news ( flat screen TV is cheap ) aviation held in a timewarp by bad regulation and cowboys inflating egotistical pricing.
Last edited by T28D; 29th Mar 2013 at 12:26.
Reason: Spelling