Yes, Australia is undergoing a serious economic contraction. No, yelling 'recession' doesn't help. And for our exporters, things aren't too bad at all.
Whatever the GDP result for the March quarter, the economy will need more assistance from the government to prevent major industries like construction from collapsing.
Increasing business investment is crucial to the post-crisis recovery. But what if our economy was increasingly resistant to investment because of a lack of competition?
The economy entered a dangerous phase in the December quarter while the government ignored all calls for economic leadership. Now it's trying to blame a virus for its own failings.
While Australia faces an investment drought, the government is deterring billions in renewable energy investment because of its climate denialism. The result is more expensive and less reliable power.
After Scott Morrison won the election, we were told a gleeful business community would be lifting investment. In fact, investment has slumped.
The buy now, pay later system has a market value of nearly $7 billion. But will what investors buy now definitely pay off later?
Australia now has a real productivity crisis. So where's the wailing and gnashing of teeth that accompanied the fake crisis claimed to have happened under Labor?
Despite the lack of a big business tax cut, investment in Australia is on the rise — so much so that mining companies are now warning that workers might actually get real wages rises.