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Nice one WW. As you haven't seemed to learn the art of splitting quotes, I will have to respond with a list: - Yes I understand our net foreign investment position but we were talking about mining. - Gorgon is too big because there are only a few companies in the world who can fund $50bn by...

WW Australian companies own far more mines overseas than foreign companies own in Australia. Other than some things that are just too big to fund ourselves - such as a project the likes of Gorgon. Our CAD and NFD interest costs are easily serviced from our revenues. Government debt is very...

Seconded. If the proposition were put that govt getting in to debt to provide stimulus when the RBA had already decided that more wasn't required (they could have easily gone lower in rates if required like the rest of the world) was a bit of a dumb thing, then I would agree with that! The...

WW, have to disagree here - Australia has come out of this mess better than any other developed economy. Sure we have our resources and agricultural strength to mostly thank for that but it doesn't happen without good central banking. It certainly doesn't happen if the central bank got it...

Interesting thread. My take is: - A construction led "boom" is difficult to see right now - finance to developers is still very difficult to get and the margins don't exist ATM. However the market will flush that out through a combination of cheaper dev sites (there are A LOT on the market)...