There is always a price for promises you don't keep!
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Australia gambling big on hopes high mineral prices will last
Recession is a risk in the slow lane of the two-speed economy. Ten years ago, mining investment in Australia began rising sharply. By 2005-06 it had trebled in just five years. Over the next five years it doubled again. On current plans, it will double again in just two years to mid-2013. It is being driven by what Treasury deputy secretary David Gruen calls ''a once-in-a-lifetime boom'' in commodity prices and Australia's terms of trade: the ratio of the prices of the things we sell overseas to the prices of the things we buy overseas. We all know the story, but even so, the numbers are staggering.
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- Mar 6, 2012 9:24am Mar 6, 2012 9:24am
- DragonFire
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- DragonFire
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There is always a price for promises you don't keep!
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- krisware
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- DragonFire
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There is always a price for promises you don't keep!
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- DragonFire
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There is always a price for promises you don't keep!