Is the lucky country's luck about to run out?

Matt Drennan  | 26 March 2012

Australia is widely regarded as the poster boy of world economies, especially compared to many of its OECD benchmarks (basket cases). Australia's Treasurer Wayne Swan even won the Stephen Bradbury Treasurer Award or something, didn't he?

My view – the success Australia has enjoyed relative to most of the rest of the world comes down to pure luck.

Luck that we had resources China needed, luck that our banks had not ventured offshore in a big way after getting their finge...