depression? it will be more than that....xjo at 1000 means majority of small/mid mining companies go broke there will be high unemployment rate, further gov deficit, collapse of real estate market...etc etc
Can you imagine we'll only have three io companies rio/bhp/fmg next year orwe'll only have less than five energy companies next year org/sto/wpl/bpt(after merger)/??? ; I cant...
On the other hand, I dont think oz economy can survive by shipping more milk power to China...biz like this will hit the cliff sooner or later.
Leaders, what they've been doing?
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