end of mining boom, page-23

So we have:

- Big business shedding jobs.
- State and Fed gov's shedding jobs.
- A lot of investments being stopped.
- Plunge in the approvals
- Gov's changing tax around some housing aspects

I suspect a lot more jobs going over next 12 months as commodities come off and prices come down, those factories, big plants won't happen as their not feasible anymore due to cost.

The boom time money from China goes into the Aussie banks and the banks leverage this up 9 or maybe even 10 times to lend to home buyers.

- Enjoy.