The crisis Greece had to have

Back in November 1990, just about a generation ago, and in the midst of Australia’s worst recession since the depression of the early 1930s then Treasurer, Paul Keating, made his now famous comment “this is a recession Australia had to have”. The comment was effectively an admission that the highly leveraged, inflationary boom that Australia experienced through the mid-1980s and all the distortions that went with it including headwinds to essential economic reforms needed a recessionary crisis to bring the country to a point where it was possible for the economy to start to grow again. Out of that recession came a springboard for more economic reforms, more productive investment, stronger employment growth and more than two decades free of recession, a record without equal among developed economies. To read the full article click on the (VIEW LINK).

Altair Asset Management (Altair) is a high conviction, active Australian equities manager whose investment philosophy is based on understanding the drivers and impact of change. Altair applies macro thematic research to uncover trends which are...
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Altair Asset Management (Altair) is a high conviction, active Australian equities manager whose investment philosophy is based on understanding the drivers and impact of change. Altair applies macro thematic research to uncover trends which are...
Expertise
No areas of expertise