Adam's Robust Australian Economy

Looks like Adam is 'right' about another one:

http://www.bloomberg.com/apps/news?pid=20601081&sid=adq6Mcd1kGHI&refer=australia

"Australian manufacturing contracted for an eight month in January,
house prices fell for a third quarter in the three months through
December and planned investment dropped for the first time in four
years."

Bottom line is that Australia is in trouble, too. Anywhere else an 8
month contraction would already be considered a 'recession'.
Apparently not in Oz.

Anyone surprised that another 'Home Truth' has collapsed in ruins?

.

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