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RBA member argues it's far from doom and gloom after mining boom

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Former Keating adviser John Edwards is an optimistic beacon in an otherwise dark skyGloominess is often considered a prerequisite to becoming an economist. But John Edwards, a former adviser to Paul Keating and now a board member of the Reserve Bank, has a rather optimistic take on Australias situation.

In his new book, Beyond the Boom, to be released next week, he argues that the mining boom did not have as big an impact as people think and that the end of the investment side of the boom need not mean Australia descends into recession.Continue reading... Reported by guardian.co.uk 3 hours ago.

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