Australians have passed recession.
Recently i read on internet that Australian-mite have increased their interest rate by 0.25% which was already very high if we compare to other nations. Americano, united kingdom, chinese, jap might envy Australians now. i mean, few months back we heard the whole world is sinking, because of sub prime. but look at Australia, they have increased their property rates even higher than September 2007. Australian market almost lost 59% stock valuation but the news just turned upside. the market vomited with 30% back. its crazy. Australia might be one of the great nations to come out of recession so quickly. what did Australia eat. i think they might have gone to BABA ramdev in INDIA.