Annus Horribilis for Neoliberals (Commentaries: The World at Large‪)‬

To them that hath ... Australia, January 1999: a sizzling economic growth rate of five per cent; record corporate profit levels; soaring productivity; a financial sector largely untouched by the Asian crisis; declining levels of public debt; a national budget in surplus; a consumer spending spree; low nominal interest rates; minimal inflation; and a baby bull stockmarket cantering after its US sibling.