I think if you read most business magazines, the economic growth is in-spite of the RBA. The mining boom and the restructures put in place by both Hawke/Keating and Howard Governments are the main reason for the growth up to 2007. Since then is simply because Rudd/Gillard decided to borrow a generations worth of money and destroy the taxation base and continued by the self-interest of the Senate that has refused to scale it back. We NEED a recession in the way a forest needs a bushfire. The collapse of the world economy and the failings of all the governments since Howard is the reason for record low interest rates, which is to prop up the failing economy (contradicting your first and third points btw). A healthy economy..hmmm and a stable and secure banking system?? Maybe because they have the highest margins and profits in the world in what could only be called criminal collusion.
No friend here on these topics.
