Looking Beneath the Veneer of Victoria’s Economy
Commentary
Many are starting to realise that Victoria’s economy is a house of cards built on a foundation of printed money; the question is, for how much longer can this be denied?
CommSec’s October quarter State of the States report finds that Victoria is the second worst performing state in the nation, “bested’ to the unwanted title by New South Wales.
The latest result is in stark contrast to the Commonwealth Bank’s stockbroking arm’s July quarter edition, which argued that Victoria’s economy was not only healthy but supposedly the “best performing” in the country.
It waxed lyrical on how Victoria “leads the nation” in economic performance, was the place to be, had a booming market, and enjoyed “low-interest rates … [which] continue to support retail spending.”…