Bluffing through the next downturn: why the last recession left many Aussies oddly content and this one might finally make us queue for the cheap coffee
A lone paper‑bag of beans sat on the counter of a suburban café, its price tag suddenly looking like a luxury item after the last recession left more than a few patrons feeling oddly prosperous.
The previous downturn, as the economists like to point out while sipping their own free‑range, fair‑trade lattes, somehow managed to make the average Aussie feel richer – perhaps because the cost of living fell as fast as the number of new housing developments.
Now the Treasury’s latest bluffer’s guide warns that this time the recession could be “very different”, a phrase that has councils across the state quietly rehearsing emergency queue‑management drills in their community halls.
In the meantime, the Bureau of Weather and Economic Forecasts has issued a gentle drizzle warning, noting that the fiscal climate is expected to be overcast with a chance of sudden price spikes, especially for anything that isn’t on sale.
Local councils, ever the masters of understatement, have posted notices in the park saying “Please remain calm, the queue for council services may be longer than usual”. Residents have responded with a collective sigh, the kind usually reserved for waiting on a delayed train.
Meanwhile, the national debate on whether we’re truly in a recession has turned into a polite argument at the local pub, where patrons compare the current mood to the last time the city council tried to replace all traffic lights with solar‑powered LEDs – a project that, like the last recession, left most people slightly better off despite the confusion.
If the “very different” recession does arrive, the expected side‑effect may be a surge in DIY home repairs, as people trade the comfort of professional services for the cheaper, albeit more hazardous, satisfaction of fixing leaky taps themselves.
In the end, the only certainty seems to be that Australians will keep queuing – whether for a new car, a fresh batch of bread, or simply the next update on whether the economy is finally taking a proper nap.
So, while the bluffer’s guide assures us that the next downturn might be more… distinctive, the rest of us will keep an eye on the council notice board and the coffee shop price list, just in case the recession decides to finally make a difference.
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