But if we get caught up in a bigger global slowdown, which our export figures tend to suggest is occurring, I think we are certainly in for a U-shaped outcome over the next little while. And that really is the big danger for Australia because the risks are external now rather than internal. Well, the big issue, Kerry, is how we're going to get out of this problem. And I think one of the big things that has to happen is that we need to see reductions in interest rates. Confidence is very low.
Cash flow is very tight.
Margins are being squeezed. This survey is showing the worst outlook for profits for a long time. And for investment, which augurs badly. So we need to be working on how we get out of it. If we can see some sizable reductions in interest rates, if we see fiscal policy in the next budget developed through the front view of the car rather than the rear vision mirror - through a slowing economy, rather than a booming economy perspective, I think we will start to see some improvements.