Debt is the drug

Article Abstract:

Spending habits of Australian consumers are discussed. Australians have been spending far more than they earn as can be seen from the past and present trends. While the bulk of the debt is on real estate mortgages, the real challenge for Australians will be servicing these debts under inflationary conditions. The relevant statistics for analyzing the situation are presented.

Consumer Expenditures, Private Households, Stationery stores, Consumer Exp-Stationery,Writing Suppl, Consumer Expend-Food & Tobacco, Consumer Expend-Health & Recreation, Consumer Expend-Reading & Recreation, Behavior, Consumer spending, Australians

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The sick are reviving

Article Abstract:

The effectiveness of the reforms to the economies of Japan and Germany are discussed. The reforms implemented in 1990 to issues like lifetime employment, foreign competition promotion, credit control and lending practices are all bearing fruits. The two economies are now on the way of revival.

Japan, Germany, Interpretation and construction, Economic recovery

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End of the lucky country?

Article Abstract:

The short-term measures by Prime Minister John Howard to boost GDP are unlikely to result in long-term economic benefits for Australia. The fall in savings rate and the rising national and household debt are discussed in detail.

Public Finance Activities, National Government Liabilities & Debt, Analysis, National debt, Public debts

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