could be a false start for sure, but I am going to peg yesterday as the day that I realised the boom is back. The GDP figures confirmed what I can only say is an explosion of large orders - almost a scramble amidst an inability of suppliers to keep up (yes this is supply to resources but that's where this was always going to start). Then when I saw those GDP numbers, then
http://www.theage.com.au/business/more-upbeat-data-trade-deficit-shrinks-20120608-200do.html
all set against dwindling property for sale, explosive rent increases, declining interest rates.
The confusion is the noise coming out of europe, but with the resource projects committed it may be a sideshow. Particulalry once BHP stops playing games with the Chinese and gets back to business. This could be an influence:
http://au.news.yahoo.com/thewest/business/a/-/wa/13896472/decision-looming-on-gas-hub-legality/
but I'd tentatively say strap your helmet on we could be going for a run....
http://www.theage.com.au/business/more-upbeat-data-trade-deficit-shrinks-20120608-200do.html
all set against dwindling property for sale, explosive rent increases, declining interest rates.
The confusion is the noise coming out of europe, but with the resource projects committed it may be a sideshow. Particulalry once BHP stops playing games with the Chinese and gets back to business. This could be an influence:
http://au.news.yahoo.com/thewest/business/a/-/wa/13896472/decision-looming-on-gas-hub-legality/
but I'd tentatively say strap your helmet on we could be going for a run....