It’s taco Tuesday! Hope you get to eat some tacos today. Have an amazing day 🌮🌮🌮

  • landsharkkidd@aussie.zone
    link
    fedilink
    English
    arrow-up
    6
    ·
    1 year ago

    Didn’t even have one in 08? Or was that a small one? But yeah it just feels like they’re skirting around the R word. Like I’d rather just be like “so we’re in a recession” instead of what’s happening now.

    • MeanElevator@aussie.zone
      link
      fedilink
      English
      arrow-up
      6
      ·
      1 year ago

      From memory we avoided the '08. We were one of the few countries that didn’t have an official one.

      The R word will create a drop in the share market, which will (most likely) result in job losses and similar.

      Somehow our economy is still be propped up right now (construction and exports maybe?)

      • landsharkkidd@aussie.zone
        link
        fedilink
        English
        arrow-up
        3
        ·
        1 year ago

        Ahh okay. I mean makes sense, didn’t KRudd give out money TO avoid a recession? I remember mum giving me $50 and at the time I think I bought a DVD or music from Sanity. Those were the days.

        I think exports are our biggest money maker. Wouldn’t be surprised if construction is too.

        • MeanElevator@aussie.zone
          link
          fedilink
          English
          arrow-up
          3
          ·
          1 year ago

          A lot of construction is gov funded, and that’s going to end at some point (or take a long pause). There’s been a heap of investment into infrastructure, which is fantastic, but needs to be paid off eventually.

          Residential construction is still going, but with house prices still being high and rates being high, that might dip as well.