Friday, June 27, 2008

Recession confirmed! Cullenomics crumbles further!


While other countries have a slowing economy, our's is shrinking and set to shrink further.
Today came confirmation of 0.3% shrinkage in the first quarter.
The trade deficit is growing, worse than expected, the dollar is falling, consumer confidence is at a record low.
The Warehouse is suffering, as is Briscoes.
And with finance houses collapsing by the dozen inflation takin off and unemployment rising, hasn't Cullen left a fine Liabrour legacy after nine long years?
UPDATE: It could be worse says Brian Fallow.

3 comments:

Bryan Spondre said...

Interesting to note how both productivity and GDP have dceclined over the last 8 years.

FAIRFACTS MEDIA said...

a strong connection there.
And the trend is downwards in both cases
we cannot afford liarbour for much longer

Clunking Fist said...

interesting to note how taxes have increased and "how both productivity and GDP have dceclined over the last 8 years."

interesting to note how Liarbore has been in power and "how both productivity and GDP have dceclined over the last 8 years."

Interesting to not how Sullen is a fat smug git and "how both productivity and GDP have dceclined over the last 8 years."