Australia’s Lack of Economic Complexity Is a Problem (can we change this and shouldn’t we be more worried about the lack of diversification of our industries?) - The country's wealth hides a serious failure of national strategy. Unlike most wealthy countries, Australia's economy lacks both diversification and sophistication. Australia's primary exports are in low complexity categories such as mining and agriculture.Ausfinance
Australia’s Lack of Economic Complexity Is a Problem (can we change this and shouldn’t we be more worried about the lack of diversification of our industries?) - The country's wealth hides a serious failure of national strategy. Unlike most wealthy countries, Australia's economy lacks both diversification and sophistication. Australia's primary exports are in low complexity categories such as mining and agriculture.
Buffet indicator is showing some wild times ahead perhaps, combine that with Berkshires record high cash hoard of 30%... chart via barchart.com / Longtermtrends
🔺 Student Loan Delinquencies Hit Record 12.9%... The spike in red reflects financial strain returning fast. Credit card delinquencies are rising too, hinting that lower-income consumers might be nearing a breaking point. What's going on...