with the AUD at an all time low and the price of oil why would an Australian company look outside Australia to invest in when they have ample projects on hold in Australia where the capex is in AUD compared to the strong greenback.
the Australian labour force is going to become cheap As well as the companies tendering for work contracts to keep their personnel moving. At 58c in the dollar it’s a no brainer.
the unions will have to take a back step if they want people to keep their jobs.
Big Dump and Capitulation, page-317
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