The hidden strains on economic growth

Behind the slowdown in share prices there are very negative developments happening in the real economy.

Summary: There are a number of developments currently taking place which would have a significant impact on the Australian economy going forward – in particular attempts by the Australian Transport Remuneration Tribunal to establish minimum pay for owner-operator truck drivers, which I believe will have the effect of attacking owner-operators in the long haul industry and will drive prices at our big supermarkets up.

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