The Economic Outlook

[tayser]

Originally Posted by LanceDriver

Mining boom endgame!

http://m.businessspectator.com.au/bu...apt=commentary

or

http://www.businessspectator.com.au/...cument&src=rss

.

At the end of the day: YOU'RE ALL VICTORIA'S BITCHES.

pay attention to who all you plebians were paying homage to way back when - nothing changes!!!!!1!



from L-R: Mother Britannia looks over Distant SA, Curious TAS, Demure WA, Subserviant NSW, Groupie QLD and........... primal VIC

issit. (muahuah).

carry on.

[Kelli]

Looks like Vic has it's bosoms out .

[tayser]

tits out for the boys........................................... lol.

[Sanj]

Originally Posted by hornetfig

How can the unions be killing the country? The unions have no power. .

[LanceDriver]

In company of PIIGS !!



Austerity, Austerity, Austerity, Oi, Oi, Oi !!!

[KJBrissy]

But I thought the Liberal Party said that the austerity did go far enough in the last budget. I guess they just want to be number 1 in something.

[LanceDriver]

China Endgame!

http://seekingalpha.com/article/6111...g-into-a-crash

( ... waiting for some idiot to get on here and say "but the chinaman gubbermint will fix this ... lol ... )

[ooh]

but the china gubbermint.... sorry I couldn't help myself.

Hornetfig, you have got to be kidding with your statement - the unions have every power. They de-rail the costing of major government projects (just look at the westgate bridge and desal plant in vic), force unreasonable pay increases on companies when they're already struggling & ensure unsuitable, lazy and slack people are retained in their job through minor technicalities & threats of lawsuits.

Unions will put the final nail in Australia's economy.

Ryan - didn't say you weren't agreeing.

[ryan79]

China still have half a billion people living on less than a dollar a day. Soooo much room for growth right thurr.

[KJBrissy]

So does Africa.

[Lightness]

Originally Posted by ryan79

China still have half a billion people living on less than a dollar a day. Soooo much room for growth right thurr.

Sure they'll grow, if they can keep political stability, but the infrastructure boom is coming to an end. The once in a generation resource boom is singing on the last refrain ... and Australia had better make sure there's still a free chair to sit on when the music stops.

[ryan79]

Originally Posted by KJBrissy

So does Africa.

And eventually they'll get their shit together. Right now China has its shit together.

Originally Posted by Lightness

Sure they'll grow, if they can keep political stability, but the infrastructure boom is coming to an end. The once in a generation resource boom is singing on the last refrain ... and Australia had better make sure there's still a free chair to sit on when the music stops.

They've built all the infrastructure they need?

[Lightness]

Originally Posted by ryan79

And eventually they'll get their shit together. Right now China has its shit together.

They've built all the infrastructure they need?

They've over-invested in physical assets. Not that they won't build anything, but commodities prices will be back to long term averages. The technology sections of Aussie mining companies will prosper as they will provide for mining projects around the world.

[ooh]

Sure to affect Australia's economy and mining.

http://www.news.com.au/business/brea...-1226365742381

[Lightness]

Poll time!

On which day will the ASX200 index sink below that all important 4,000 barrier?

I'd say next week Wednesday at 11.30 in the morning.

[asdfg]

Fracking in Australia
Gas goes boom
A gas revolution in Australia’s heartlands creates divisions
Jun 2nd 2012 | ROMA | from the print edition

THE good times have finally hit Roma, a once-sleepy Queensland cattle town of 7,000 souls. In 1900, when residents were drilling for water, they struck gas deep underground. Australia’s first natural gas lit Roma’s streetlamps, but they flickered out after just ten days. The gas igniting Roma 112 years later is something else. Coal-seam gas (CSG) is transforming Australia’s energy market, and stimulating its robust economy. It has also inflamed an environmental protest movement over hydraulic fracturing, or “fracking”, the method of extracting gas from coal and shale. An unlikely alliance of farmers and green-minded city folk are trying to slow the boom down, if not stop it altogether.
...

http://www.economist.com/node/21556291

[Bond James Bond]

Also in the company of PIIGS.


LINK

From this map you'd almost think Australia was in Europe!


LINK

[Dimethyltryptamine]

--

[Ultimate Hater]

This is going to get very ugly over the next year or so, as the fiat currency/fractional banking system comes to an end.

Make the most of the next 6-12 months.

[ryan79]

So manufacturing is down, nothing new here.