One of the real and present dangers associated with relying on Australian mainstream media is the danger that you won't be properly informed.
And if you aren't properly informed then it is likely that surprises will sneak up on you and some of those surprises will hurt.
We saw the effect of that recently with those folks who thought that the mainstream media spruiking of the real estate industry was somehow related to reality and truth and facts. If some of those people had been looking elsewhere - they may have been better informed and they might not be in a perilous financial position now.
And that's the thing. Expectations have been created by our government and the usual suspects in the MSM that things will be just rosy after the disaster that was the March quarter.
Well I don't know what they are seeing - but I do know what I am seeing and it ain't good folks. The June quarter is turning into something much worse than the March quarter - which likely means recession.
Recession being two quarters of negative growth - it's guaranteed. Whether it gets reflected in the statistics is anyone's guess - because those same people who won't tell the truth in the newspapers or on radio or television also don't want you to know the real state of the economy.
Because they don't think you can be trusted with the facts.
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