This is going to be a daily commentary that doesn't rely on recent reporting of events. I am going to pen this based on my macro view about Australia, disregarding the recent evolution in Australia's economy.
Australia has been in an economic boom for two decades. The last recession that Australia had occurred in the early 1990s. This is a remarkable run of nearly a quarter-century. And I think other countries that have not had nearly as long a run, should learn from this example. The question goes to what exactly we can learn.
The question we should be asking then is whether Australia represents the last great example of "The Great Moderation" or whether Australia's remarkable run is the result of some kind of imbalance that is destined to be corrected. For example, if Australia is the ...
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Edward Harrison is the founder of Credit Writedowns and a former career diplomat, investment banker and technology executive with over twenty five years of business experience. He has also been a regular economic and financial commentator in print and on television for the past decade. He speaks six languages and reads another five, skills he uses to provide a more global perspective. Edward holds an MBA in Finance from Columbia University and a BA in Economics from Dartmouth College.