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Reserve Bank governor Glenn Stevens says we must invest to survive mining downturn

I think I was lucky to be born in Australia rather than the Congo ;)

Re: Australia, Commodities and Luck

I guess the answer to "what happens if commodity prices suddenly collapse' is coming to play

Whilst many other nation's struggle, Norway's sovereign wealth fund has grown so much that it makes every Norwegian citizen a 'theoretical' millionaire Why Norwegians Are Millionaires and Americans Are Paupers

I thought The Daily Reckoning & PPP were commodities bulls and property bears, so it was interesting to read the below and their ad's for Phil Andersons real estate cycles An Epic Mining Boom?and We Blew it

Re Norway with $760bn or so of assets nowadays

Interesting to review in light of the MRRT and how it's fared

From Scott Pape (no shoes guy)

Norway has its wealth fund, an enormous future tied to strict rules that keeps it intact. Income from the fund means that long after North Sea oil is gone, Norway will still have income coming in for thier future generations. It's the elephant in the room, what if the Boom goes Bust?

I was recently reading about a chinese municipality consisting of 32 Million people; amazing that we've only recently reached 23 million across the whole country in comparison Another article talked about the fact that if all of Greece's debts were forgiven today, they would be in the red...

Rather than being able to download YouTube faster under the NBN I'm more for looking at the schemes to increase sustainable water resources and food security ;) à la Charles O'Connor's scheme 100 years ago :) Food (pardon the pun) for thought The Future of Science: Food and Water for...

WA's resources wealth tops $100b WA's resources wealth tops $100b Link

Too Much Luck: The Mining Boom and Australia's Future Author: Paul Cleary Is it possible for anyone to have too much luck? You wouldn't think so, yet Paul Cleary believes that while Australia is often described as the lucky country, what we have is dumb luck, too much luck, more than we...