agree bingster - a bearish post (the three wise monkey's...

agree bingster - a bearish post (the three wise monkey's evidently couldn't pick up on that).

Interesting angle on foreign students being a catalyst- and would have to agree.
Why do thousands of asians want to be educated in australia?

-Oz used to be a place to earn a qualification that was respected world-wide (now those quals a have been undermined due to various scandals, and the expensive dollar)
- an Oz qualification earned in oz means an Oz passport.
- Oz has an overly generous welfare system, great family reunion scheme, free medical, and readily accessable pension schemes.

So much taxpayer sugar on the table.

Not enough spent on infrastructure and general affordability of TAXPAYER basic life necessities and therefore their ability to keep this disco ball glittering over the dancefloor groovers.

Thats where it's coming unstuck I reckon.

A good old-fashioned economic depression is on the way for Oz. Nothing fancy like the the USA's.