business's going broke at record rates, page-10

  1. 10,014 Posts.
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    "storm in a tea cup". damn thats confidence for you.

    Problem being our dollar has/is collapsing so reasonably we must ask why?

    Commodity supply exceeding demand in 2014 till 2018 and we are a commodity economy like never before,and we must include australia's pmi which has been at record low levels,reaching 36% a couple of months ago and still contracting.

    5% of GDP made up by mining sector accompanied by high wages in mining sector supporting the rest of our economy ,as our eminent public servant advisers tell govt and us we must get used to high wages ,brilliant till business decide they can produce off shore much cheaper in any sector.

    imo there are only two possible supports for property of any relevance,unfortunately that is foreign investment especially as our dollar falls,and possibly LNG.
 
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