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:) I know. There is likely plenty of hay to be made between now and whenever this thing does run its course. Upon reflection, probably in your own job it is better to just react when it comes time rather than jumping at shadows and if proven wrong spend the next several years in a...

I am a bit like that, always cautious when things are going too well, but I guess if you can make hay while the sun shines do it. You can always do the public sector job when the SHTF. My fear is though when 2000 other civil engineers coming back from the mining sector all go for the same 3...

In fairness to them they are only going to make the same mistake the market makes every single time we have an undercapacity. Industrial cycle around ore; Things chug along with people producing iron ore and recieving a price which gives them a fair profit but not enough to justify new...

Industrial cycles play out in more than just commodities. The thing is they always play out, for as long as we have had interconnected capitalist societies. In 2008 they thought it was all over then. Now two years later its runnin for decades again. We might have demand fall away, I actually...

I agree with that outcome but you don't even need a europe collapse for the pipeline of investment into our mining sector to be cut off. Port Hedland is gearing up to be exporting 550MTpa of iron ore per year, I think it was in three years time. This was the entire output of Australia a...

I suspect we will also have stagflation fairly soon. As soon as our capacity to export iron ore along with brazils, Indias etc reaches a point that meets or exceeds demand and the investment pipeline is cut off watch; Our stockmarket falls probably predicting the eventual capitulation of...

I think that is the whole problem with monetary policy in Australia post 2000 anyway. Nearly all businesses apart from a handfull of historically highly leveraged ones like developers and capital intense companies are much more lowly geared than households. Don't worry about mining...