Newspapers are in secular decline as the online world challenges traditional models of doing business. NewsCorp’s issues are not an indicator of an economy in recession. NewsCorp is an international business!

Housing market the worst it has been in 20 years. Hardly surprising consideringthe necessary pull back in values seen over the last few quarters.

Choclear impacted by product recalls and currency issues. It also is an international business.

Tabcorp had a profit lift, for heavens sake (and it is predominantly a domestic business).

Leighton is paying the price for poor management practices, taking on the Vic desal plant and Brisbane Airportlink road at prices that could never cover the costs. Predominantly domestic business, but look at s work in hand and pipeline of potential business to get an idea of how well the economy here is travelling.

Harvey Norman is suffering from an over-reliance on electical goods where price deflation is a major issue for them. Also, it has been slow to respond to the rise of the online world, preferring to seek govt. sistance and help, rather than respond to the changing environment itself.

BHP is paying the price for questionable management, buying shale oil assets in the US (not Australia) at flated priced. It is an international business, and its results can hardly be tied to a domestic economy in recession.

Rio delivered on its revised outlook! Have its volumes fallen, or is it commodity prices fallling that are contributing to the lower profit. As with BHP, it is an international business.

Transurban wrote down the value of a toll road in the US!

In short, other than the housing market, none of the other results would support your comment that they are indicative of a domestic economy in recession!