As Australia missed out on the GFC, what we have is our own coming.
We were saved by the resource boom in Australia, but, as other countries start to produce cheaper commodities and with lower tax rates, the chinese, indians and koreans will shop elsewhere.
First it will show in the job sector, then, as the immigrants move to follow the work, the housing sector.
But not before the overpopulation has depleted our natural resources and beauty.
Am I being too negative??? We have always followed in America's footsteps, so what's different this time.
We sold off all our manufacturing, we are all huge consumers. We all look on in horror at the destruction to our country, but we all turn a blind eye to our own input into this.
