It's all doom and gloom out there if you listen to the headlines - property is dropping quicker than the Dow during the GFC, Interest rates are about to rocket, spiralling debt, job insecurity etc - yet things have never looked better. Who can recall the last recession? Yes, it has been 27 years since we were in the doldrums (much of my working life). Are we any better off for not having had a recession? When will we face another one? Linky (from SMH - Ross Gittins) Should we be hankering for another recession having seen the effects on the US, Europe, Japan etc? Have the structural reforms in our economy worn out their welcome/passed their use by date amd are no longer relevant to the current day economic climate?