This is actually worse than I thought...
https://www.macrobusiness.com.au/2024/08/aussie-builders-collapse-like-a-house-of-cards/
So as a country that barely manufactures anything anymore,
our economy is basically:
(a) digging very large holes
...and the resources boom is over
(b) an immigration-based housing Ponzi scheme
...and we can't even get that right.
When I retire, it won't be here.
Australia's best days are in the rear-view mirror.
XJO, Gold, MOY and others, page-12147
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