our economy is generally strong. stronger than alot. the housing finance and building figures would be coming out of WA and SA where there is plenty of mining dollars. Here is NSW and VIC we are suffering a bit more. however the anticpation of the trip to the dentist is always worse than the actual experience. so we should see a bit of settleing down now in our markets. Remember that the comoddities boom always goes hand in hand with a bear market in industrials. you cant have growth in the prices of inputs and not have costs go up. therefore you have rising prices or lessening profits. either way it is not good for most industrial companies. Australia should roll thru this period without too many problems. imo.
