Bottom line: "SAVE for the rainy days ahead" !!! "Economists at Macquarie Group see a 40 per cent chance of recession in the next 12 months - defined locally as two consecutive quarters of contraction - even after the central bank cut rates to a record-low 2.75 per cent. Saul Eslake, chief economist for Bank of America Merrill Lynch in Melbourne, projects a 25 per cent chance for 2015. Read more: smh.au/business/pawnbrokers-thriving-as-poorest-hurt-in-slowdown-20130701-2p5uh.html#ixzz2XqSXsnjX
Posted on: Tue, 02 Jul 2013 00:54:31 +0000