Art Foley’s meltdown continues…
[quote=“Fitzy, post: 779632, member: 236”]Not really now, a few years ago yes. House sales are still strong, but the price inflation of the early - mid noughties has slowed down considerably. In the mining boom areas, a lot of people have sunk stupid money into property (rents were and are to an extent ridiculously high) and they are paying a price now as the boom slows down. But most people are reigning in spending and investment here due to uncertainty. The australian dollar until this month has been above parity with the US dollar and this has led to a serious downturn in manufacutring. Ford announced last week they would stop manufacturing here in 2016 after 90 years, 1500 jobs gone (directly) and numerous other manufacturing industries have been seriously hurt (printing company I used to work for closed in April with 900 jobs lost). So personal austerity seems to be happening here, if retail sales alone are anything to go by. Its still a very strong economy.
I’m sure Kev will disagree with all of this, but no, I don’t think that article would reflect attitudes here now.[/quote]
I wouldn’t disagree as, effectively, you live in a different country. I’d well believe that’s the state if play in the Eastern states. Not here though, but people here are not as educated or generally as smart as other Australians, so that article is exactly what’s going on here, they are living in la la land.
Crikey!
Misfigured? As in poorly calculated?
Struth
[B]For a final verdict we turned to perhaps the ultimate judge: Nick Leeson, Man City fan and world expert in wasting money.
‘Footballers’ salaries have recently come into line with money that can be earned in the private financial sector,’ Leeson told OSM, 'but things are starting to spiral out of control. For Sol Campbell to be on £80,000 a week at Arsenal is ridiculous. I think Campbell represents the market’s peak. But as long as the money from TV is there, clubs will continue to pay above the odds. If that money dries up, though, clubs will face huge problems.
[/B]
http://observer.theguardian.com/osm/story/0,543912,00.html
Sunday 2 September 2001
Observer Sport Monthly