Is this what is ahead for Melbourne?
- Thread starter Trippy
- Start date
I'm failing to see the connection between Detroit and Melbourne. I'm not sure if this thread was started in jest?
At the height of the GFC I read that a teenager in Detroit has a greater chance of going to prison than graduating high school.
Scary to see once working class but stable city turn into a third world ghetto in a relatively short space of time.
Does make you wonder if similar could unfold throughout the entire US or even Australia at some point in time for whatever unforeseen reason.
At the height of the GFC I read that a teenager in Detroit has a greater chance of going to prison than graduating high school.
Scary to see once working class but stable city turn into a third world ghetto in a relatively short space of time.
Does make you wonder if similar could unfold throughout the entire US or even Australia at some point in time for whatever unforeseen reason.
Perhaps the OP is likening Melbourne to Detroit in light of the recent Ford job losses announcement. If so, the analogy is quantitatively way out of kilter. Detroit is motor town. Melbourne is far more diverse an economic base. It was never reliant on the motor industry alone.
It is the port city and logistics distribution hub. It used to be an industrial manufacturing powerhouse however as manufacturing has moved off-shore for labour costs and other efficiencies, it (as most cities do) reinvents itself to cater for differing industries, whether varying blue collar, white collar, education, etc.
It is the port city and logistics distribution hub. It used to be an industrial manufacturing powerhouse however as manufacturing has moved off-shore for labour costs and other efficiencies, it (as most cities do) reinvents itself to cater for differing industries, whether varying blue collar, white collar, education, etc.
Yep that's what's happening. You should flee, flee fast, to Detroit.
what
the
furk?
Detroit / Melbourne? how?
the
furk?
Detroit / Melbourne? how?
All of which are winners and grinners with the falling oz dollar
. Yay! We're winning the currency wars!As for Detroit - higher US dollar = deeper grave. Oh well.
All of which are winners and grinners with the falling oz dollar
As for Detroit - higher US dollar = deeper grave. Oh well.
revenue is derived from price times quantity. there's no point doing a huge volume of business if you aren't getting paid. IMO the falling dollar is the commencement of a whole new world of pain heading our way
There will be pain. But what to do? With falling terms of trade we can't just keep borrowing like the US does. the AUD is not the world's reserve currency. Unfortunately we have to work for our livings. As a country we need to produce and we need to do so competitively. A fall in the oz makes that possible.
So, we should count our blessings. At least we produce food here. We won't starve. And we make beer and wine!
Just the iPhones and Pads and whatnot won't be so affordable.
Good for property in the long run, because it will no longer rate as some of the most expensive in the world.
Short(ish) term pain for long term gain.
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Tourism, education, financial services, agriculture, dairy, major sports and cultural events (aka tourism), net immigration (yes that's a very big industry). Not sure which one a 700,000 people city like Detroit has?
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hang on, Detroit (City) has, well, a racial underclass....whoops....no cannot say stuff like that....hey but wait....who is driving Melbourne's taxis, and what was Melbourne's biggest export income earner, until the Police perpetuated the biggest PR slam dunk own goal? Pity Belbo isn't here to rationalize all this away with his particular brand of irrationality. Presume he had to go back and work for the man....can't imagine he was stupid enough to run his own business.