We are not yet even technically in recession and the USA has been in
recession for 15months. We are doing vastly better although not as good as I
hoped. And it remains true that our economic troubles are all external ie it
comes from other lousy economies

-----Original Message-----
From: [email protected] [mailto:[email protected]] On Behalf
Of Nicholas Geti
Sent: Thursday, 5 March 2009 2:26 AM
To: ProFox Email List
Subject: Re: [OT] Australia on brink of recession

We said as short as two weeks ago that Australia was in for a rough time and

you kept lecturing us on how Australia was so astute compared to the U.S. 
Well, we have still not fallen off the cliff like you so strongly thought. 
Hurt, yes but not dead.



----- Original Message ----- 
From: "Geoff Flight" <[email protected]>
To: "'ProFox Email List'" <[email protected]>
Sent: Wednesday, March 04, 2009 6:49 AM
Subject: RE: [OT] Australia on brink of recession


> Its caught everyone a bit by surprise. Everyone was expecting a 0.2% 
> growth.
> Now we gotta hope it doesn't happen a second quarter although to be honest

> I
> don't think that's likely so it looks like we scored a mild recession as
> well. Wonderful:(
>
> 


[excessive quoting removed by server]

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