posted on Oct, 17 2007 @ 07:32 AM
Man i've never heard of the guy and for sure our economy is NOT set to collapse at all...
Our economy has never been stronger. The sharemarket is the highest its ever been, the dollar is the highest its been in like over 25 years, Interest
rates have gone up the last 9 times though... it now stands at 6.5%. And every year we keep getting tax cuts (which could help fuel interest rates),
for instance john howard and the treasurer have just outlaid a plan for $34 billion in tax cuts. The federal government owes no debt. There's
something like $9.5 billion in the future fund. Our economy is a $1.1 trillion dollar economy, the biggest its ever been.
Economic collapse? Dont think so buddy. The only problem i can see is the high house prices, the interest rates going up, and lots of people with