Australia’s ‘Miracle Economy’

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Australia’s
‘Miracle Economy’

WHY OUR LUCK IS ABOUT TO RUN OUT…

Download your free report now todiscover what’s going to happen to Australia’s ‘Miracle Economy’ when our luck eventually runs out. Plus, get a free subscription to the daily financial email The Daily Reckoning Australia. Simply enter your email address in the box below and click ‘Send Me My FREE Report’.

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Dear Reader,

Australia’s recession-free economy is now a world record.

We surpassed Japan’s previous record three years ago…

In fact, if you’re under 28 years old, Australia hasn’t had a recession in your lifetime…

Australia’s last recession ended in June 1991.

Compared to the rest of the developed world, we breezed through the GFC, the ending of the commodities boom, the dotcom crash and the Asian financial crisis…

None of these seriously interrupted almost three decades of continuous economic growth…

Every time the Aussie economy was dangerously close to a recession, something intervened .

For example, in the mid-90s, lending laws were relaxed, enabling everyday Aussies to buy investment homes to offset their tax obligations.

In 2001, the construction boom began just as China started buying up our iron ore…quadrupling its purchases in the aftermath of the 2008 market meltdown.

Then as the commodities boom ended, we once again dodged a recession by building, buying and selling more houses…all helped by the incredibly low interest rates set by the Reserve Bank of Australia.

So, will Australia’s economic miracle continue for years to come?

Daily Reckoning Australia contributor Jim Rickards says no, it cannot.

In a brand-new investment report, Jim explains how Australia is finally running out of luck…and it’s not a matter of IF our economy enters a recession but when.

You can download a free copy of Jim’s report today, where you’ll discover:

  • The truth about our ‘Lucky Country’ status… Australia is known as one of the luckiest countries in the world. Our resource-rich land is one of the reasons for our famous nickname. But Jim says our luck is running dangerously low and could be about to run out. Find out why…
  • Why China isn’t going to give us any more money. The simple fact is that China can’t afford to spend any more money overseas… This could result in a housing market meltdown, leaving indebted Aussies in serious trouble. Jim reveals the tell-tale signs to look for.
  • The one investment Australians rely on — more than any other — for their future prosperity…and the role immigration plays in keeping this investment in high demand.
  • The shocking reason why China has reduced foreign investment by 40%. In 2016, China invested $14.9 billion overseas. A year later, that dropped to $8.9 billion, or just over 40%. Discover why…and learn the huge implications it’s going to have on the Australian economy…
  • Why a Chinese slowdown could be just as disastrous for our economy as an Australian market collapse. Discover the five tell-tale signs that could lead to disaster for our economy.
  • Discover why the Aussie housing market is beginning to melt down right now…and how this could be the start of our inevitable recession…and the end of our ‘Miracle Economy’.

 You’ll learn all of this, and much more, in Jim Rickards’ new report: What’s next for Australia’s ‘Miracle Economy’?

To get your copy now, simply enter your email address in the box below and click ‘Send Me My FREE Report’.

Download your free report now todiscover what’s going to happen to Australia’s ‘Miracle Economy’ when our luck eventually runs out. Plus, get a free subscription to the daily financial email The Daily Reckoning Australia. Simply enter your email address in the box below and click ‘Send Me My FREE Report’.

We will collect and handle your personal information in accordance with our Privacy Policy. You can cancel your subscription at any time. Read our FAQs.

You’ll also receive a free subscription to 
The Daily Reckoning Australia

Edited by Shae Russell, with contributions from Jim Rickards and free market strategist Nickolai Hubble, The Daily Reckoning Australia brings you a take on the financial world you simply won’t find anywhere else.

We draw on our extensive global network of leading minds in publishing, mining, finance, banking, economics and even…gasp!…government.

You’ll learn about everything from the latest developments in the global trade war and what it means for Australia…to the RBA’s next rate cut (or hike, although that looks ever unlikely) and the next stage of the property bubble…to the future of energy…gold…and Aussie stocks.

Our goal at The Daily Reckoning Australia is to help put the often confusing (and infuriating) world of finance into context…to help you connect the dots between your bank account, the market, and the decisions made in Canberra and elsewhere around the world.

The Daily Reckoning Australia is 100% free and delivered to your inbox every morning, six days a week. You’ll never be charged a cent to read it.

To claim your free report, What’s next for Australia’s ‘Miracle Economy’?, and complimentary subscription to The Daily Reckoning Australia, simply enter your email address in the box below and click ‘Send Me My FREE Report’.

Download your free report now todiscover what’s going to happen to Australia’s ‘Miracle Economy’ when our luck eventually runs out. Plus, get a free subscription to the daily financial email The Daily Reckoning Australia. Simply enter your email address in the box below and click ‘Send Me My FREE Report’.

We will collect and handle your personal information in accordance with our Privacy Policy. You can cancel your subscription at any time. Read our FAQs.

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References:

http://insidestory.org.au/on-negative-gearing-and-negative-forecasts/
http://anthillonline.com/dot-com-survivors-downunder/
https://dfat.gov.au/about-us/publications/Documents/australias-exports-to-china-2001-2011.pdf
https://smallcaps.com.au/australia-economic-slowdown-worst-to-come-recession/
https://www.abc.net.au/news/2018-06-07/next-recession-already-in-view-says-economist/9842596
http://theconversation.com/now-is-the-time-to-plan-how-to-fight-the-next-recession-111497