Have many problems with the predictions of economist if I was to be consistent. The growth figures are still good even if they have come off the top which may actually be a good thing plus throw into the equation the Chinese stimulus going on.No economist seems to be able to predict a boom accurately either.
The same applies to the dire come johnny lately economic predictions from every man and his dog. The mining sector is far from dead or dying as some would suggest. I would not be in a hurry to invest in any real estate as a buyer at this point anywhere in Australia for a variety of reasons. Its the day to dayism of Bloomberg etc that distorts a lot of figures and perceptions that commodities are on the nose one week and then a week later they are the rage.
That seems to be leading to some of the vitriolic rhetoric from some seemingly socialist chip on the shoulder posters here that leaves me baffled at how out of touch with reality they are.
I deal with a number of the suppliers to the mining industry and my conclusion on anecdotal evidence is that is pumping in the West in the resource sector.
