australia in trouble in 13/14

Filling the Hole We Have Dug:

"This last risk – what will remain – is a challenge that the Australian “community” in aggregate will face over the next year. With mining investment contributing over 60% of the growth in real GDP last year, policymakers need to ensure that more is left than just a very big hole – both physically and economically – as the peak of the mining investment wave passes over this year.... "

Please read more (recommended):

http://media.pimco.com/Documents/PIMCO_Australia_Perspectives_Bowe_Mead_May2013.pdf