Hold the phone....
Rio Tinto report massive half yearly profit today on the News.
Mining boom back on!! yay. Hahaha
(not holding breath)
You are exposed to the business coal face every day, Marc. You of all people should know that things are just dandy.
We have come out of a GFC somewhat unscathed thanks to selling the dirt we dig to China. The coat tails of China are now shortening and they will have property over-supply issues also into the future as they have now. I have read that Li Ka Shing has sold off significant Chinese holdings.
http://www.forbes.com/sites/gordonc...n-buffett-has-just-sold-off-his-china-assets/
In this unscathed emergence from the (first) GFC we have blown a surplus and created a deficit. Mining investment and infrastructure companies (the big employers during the mining boom set-up phase) have added to our unemployment rates rising.
http://www.businessspectator.com.au...il&utm_content=852156&utm_campaign=pm&modapt=
The cheap money we are seeing may get cheaper yet. I have a somewhat uneasy feeling..............