Australian Election!

**Papewaio** · 11-25-2007, 23:53

Originally Posted by Warluster

Though I don't get why people would want Howard gone for when he's done so much for Australia.

The spot price for metals is what has made the Australian economy boom in the last ten years. Check out the wages for mines, the rise in the cost of prices in Perth, WA is on the boom cycle of the boom-bust mining cycle. And this time its on all minerals not just a couple and gas as well. So we are getting 2 or more times as much money per tonne of raw materials we sell overseas... so profit margins are up from 10% to over 100%. The tax cuts have all been funded by the mineral boom.

I don't think it is a sustainable way to manage an economy by riding on the coat-tails of China's rise. We still are little more then a primary industry economy.

**KukriKhan** · 11-26-2007, 00:24

Originally Posted by Papewaio

We still are little more then a primary industry economy.

Maybe diversify into more Beer-Slammer Tourism businesses. *hiccup*

It certainly has my interest piqued. :)

**naut** · 11-26-2007, 01:52

Originally Posted by Papewaio

I don't think it is a sustainable way to manage an economy by riding on the coat-tails of China's rise. We still are little more then a primary industry economy.

Excellent point.