XJO, Gold, MOY and others, page-12147

This is actually worse than I thought...

https://www.macrobusiness.com.au/2024/08/aussie-builders-collapse-like-a-house-of-cards/



So as a country that barely manufactures anything anymore,
our economy is basically:

(a) digging very large holes
...and the resources boom is over

(b) an immigration-based housing Ponzi scheme
...and we can't even get that right.

When I retire, it won't be here.
Australia's best days are in the rear-view mirror.