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What if the dire prognostications of the RBA, the IMF, the ABC, DOFA and other be-acronymed institutions were simply ignored?  What if people tuned out from depressing financial static and peddlers of economic voyeurism?

As the recent GDP figures showed, Australians are stubbornly refusing to lie down and pull the covers over their heads as the various hyperbolic chief economists that plague our media keep predicting they will.  Maybe it’s the Rudd Government’s stimulus that is keeping things going.  Whatever the reason, retailers are still retailing, baristas are still baristing, bookies are still fielding, hookers are still hooking and travel agents are writing tickets to Bali faster than they can manage.

Maybe it’s the Prime Minister’s war-cry of “keep spending” that’s keeping nannies, baby-sitters, house-cleaners, and lawn-mowers busy.  Or maybe it’s the indomitable and irreverent free spirit of Australians and the small business entrepreneurs who serve them.  Whatever the reason, the real economy is shrugging its shoulders at the broadsheets and ordering another beer.

Continue reading "What if they gave a recession and nobody came?" »