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Economics

Sub-prime not such a CAD after all

BY ALEX DUNNIN | FRIDAY, 18 JAN 2008 12:06PM

While Australian exports are booming and industry is rolling along so well that their biggest complaint is why there is too little labour supply, our high current account deficit (CAD) means we are more vulnerable than we think, no matter how much we talk about decoupling from the US.

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