less money being borrowed for speculation, page-8

  1. 5,500 Posts.
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    To be honest I think the entire Australian economy will experience a structual change over the next 10 years due to high wages and AUD.

    Manufacturing will die out, except for a few protected industries. Meanwhile service industries like finance and accounting will see a huge loss in jobs as the lack in revenue growth will be supplemented by cost cutting to increase the bottom line. So you will see global offices setup in India for finance and accounting services, its actually happening right now. Only the big 4 banks has been exposed publically.
 
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