Australians will complain a lot but honestly the future is very bright. Higher exports than imports, government debt isn’t completely out of line and it’s not going exponential like some regions, it has European like public services, a median wealth 2.5x that of the USA, good employment figures.

It’s not perfect but i still think it’s pretty good.

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mandevil 2 hours ago | parent | next [-]

But how much of the Australian economy is extraction for the Chinese economy? My brief understanding of the Aussie economy is that a large part of it is iron, hydrocarbons, copper, etc. going abroad, largely going to feed the Chinese economic machine. So economic performance is heavily tied into Chinese performance.

And the median wealth number is another way of saying "house prices are insane" right?

	▲	AnotherGoodName 23 minutes ago \| parent [-]
		For the median wealth somewhat house price driven although there’s also the reality that median and mean wealth in Australia is remarkably close together. You can’t have median wealth driven by home equity if no one has a house yet in australia the median and say top 25% have remarkably similar houses. So yes they are high but it’s not like the disparity in the USA where the median is well below Australia (lot’s of people in the USA lost wealth in 2008 and never recovered) while the mean is well above (driven by the few that are extremely wealthy living a lifestyle unattainable to the commoners).

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lazyasciiart 2 hours ago | parent | prev [-]

Housing is a challenge