Stephen Mayne of The Mayne Report gives us a "chronological version of the losses revealed by ASX-listed companies on Friday, February 27, the very last day of the worst profit reporting season in history" and says that "There's never been a flood of red ink quite like this before."
(Though none of that red appears to be flowing from Pacific Brands which is sacking Aussie and Kiwi workers left, right and centre while sending its famous clothing lines offshore. So come on Cashie give up those Bonds undies!)
(Though none of that red appears to be flowing from Pacific Brands which is sacking Aussie and Kiwi workers left, right and centre while sending its famous clothing lines offshore. So come on Cashie give up those Bonds undies!)
Still, despite waking up yesterday morning to a murder of crows yelling RECESSION! on the radio and Malcolm Turnbull acting all coy, I rather think that most of us are as laid back about the economy as Crikey's First Dog On The Moon.
We know it will happen but it doesn't seem that much of a bogey man - yet.
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