business's going broke at record rates, page-37

Well imo we never had a gfc because we had a mining boom,it was our miners who sailed us through the gfc even with kevin in charge.

Govt bank guarantees were necessary but both sides would have done that.

My smsf was saved by buying a property as i had to sell shares to buy the property and lucky i did,have sold it since.

But imo all indicators are that we are finally entering our own australian FC , forecast commodity supply exceeding demand,extreme personnel debt something like 10 times govt debt, the billions in govt debt compared to pre GFC,the high levels of manufacturing and service sector off shoring.

imo if kevin wins it will be the final straw for many manufacturers and imo they will pull the plug due to industrial relations as specifically mentioned by cochlear and CSL,energy policy even if carbon tax abolished and compliance issues which going by a business survey takes up 25% of ceo's time.Also if large, medium or small industry has to make such big decisions what better time to make the move to countries with scale and to take advantage of business environments created by the gfc.eg the US,singapore,china.Never before have i heard our leading public companies threatening a govt they will close their manufacturing in australia.

The auto sector may even close before kevin elected and what a domino effect that will create.The polls probably enough to scare them away.

ps imo a large percentage of the service and mining sector can be included in above.

Lets see how captain kevin sails us through a real financial
crisis and they wont be able to replace him.

So i just don't see how anyone can be so confident about our high residential prices compared to other countries.

As it appears globally and in australia its the last asset class standing,a bit like the Alamo.