An interesting little item in the local media on the Australian economy.
Here are the key points (and here is the link for more)
- "We're starting to see some interesting signs of distress arising amongst both firms and individuals," said John Winter, chief executive of the industry's peak body
- "Insolvency practitioners, who are bit of the 'canary in the coal mine' for the economy, are seeing increasing levels of inquiry from people coming in and saying that they are worried about their business or they're worried about their personal finances ... and what their insolvency options might be."
- Melbourne practitioner Robyn Erskine, of Brooke Bird, agreed with the grim assessment.
I may as well recycle this one ... probably a preview of tomorrow's RBA minutes:
