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According to this article


As a whole, the Australian economy has grown through a property bubble inflating on top of a mining bubble, built on top of a commodities bubble, driven by a China bubble.


Unfortunately for Australia, that ÃÆâ€â„¢ÃƒÆ’ƒâہ¡ÃƒÆ’‚¢ÃƒÆ’¢Ã¢Ã¢Ã¢Ã¢â€š¬Ã…¡Ãƒâ€šÃ‚¬ÃƒÆ’…¡Ãƒâہ¡ÃƒÆ’‚¬ÃƒÆ’â€Â¦ÃƒƒÂ¢Ãƒ¢Ã¢Ã¢â€š¬Ã…¡Ãƒâ€šÃ‚¬ÃƒÆ’…âہ“luckyÃÆâ€â„¢ÃƒÆ’ƒâہ¡ÃƒÆ’‚¢ÃƒÆ’¢Ã¢Ã¢Ã¢Ã¢â€š¬Ã…¡Ãƒâ€šÃ‚¬ÃƒÆ’…¡Ãƒâہ¡ÃƒÆ’‚¬ÃƒÆ’â€Å¡Ãƒƒâہ¡ÃƒÆ’‚ free ride is just about to end..


Interesting read - https://medium.com/@matt_11659/matt-barrie-...ds-6877adb3fb2f


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the author appears to have a limited vocabulary.



don't be too fassy nipper. if you can put up with me, then you can put up with anyone!! :lol:


joke aside

aussie economy looks about to hit skids as housing market looks really really tired.

rate gonna be raised everywhere----from uncle sam to chinese .



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A projected jump in Australiaâââہ¡Ãƒâ€šÃ‚¬ÃƒÆ’¢Ã¢Ã¢â€š¬Ã…¾Ãƒâ€šÃ‚¢s Ãâہ¡ÃƒÆ’‚­resources export earnings to a record $285 billion this year may prove short-lived as a plunge in mining investment to a decade low and an expected retreat in iron ore and coal prices dampens the medium-term outlook.


The countryâââہ¡Ãƒâ€šÃ‚¬ÃƒÆ’¢Ã¢Ã¢â€š¬Ã…¾Ãƒâ€šÃ‚¢s resources and Ãâہ¡ÃƒÆ’‚­energy export earnings are estimated to have reached $275bn in the just-completed 2018-19 financial year, 21 per cent above the previous high mark of $227bn in 2017-18, in numbers released today by the Department of Industry.


A further $10bn earnings jump to $285bn is tipped in 2019-20 in a boon for the federal government, reflecting buoyant iron ore and gold prices and an increase in Ãâہ¡ÃƒÆ’‚­export volumes.

- The spin is usually that it's too good to be true & won't last, and yet the surprise has been to the upside for a long time. Even the downturns seem to be curtailed. Govt and the national spend must like the flow of royalties into their coffers, too.


So, when will we all be rooned?

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