Was talking to a local mine worker where I am (coal) and he said they were flat out and putting on another 138 people. People still seem to be spending here.
oh my goodness....you really are serious about the white shoebrigade in their 70-80's in a 2 town population of what was it...????? drum roll please....165,000....holding up the oz economy.....
just like all those storm investors......yes....I can see how bright and astute they all were....800 potentially to lose their homes....
sorry...you must be pulling each others legs...to see how far you stretch...
This is so funny! Sorry I started a city vs country battle here
On the one hand we have people from North Queensland massively underrating the productive economic output of some 8.5M people
over-rating the impact of a few hundred k people who live in a couple of significant regional towns that are blessed with robust and unarguably highly productive resource sectors.
The reality is that Sydney/Melbourne and in a broader sense NSW and VIC have for more than a century subsidised the rest of this country economically speaking.
This is just a simple fact. Just take a look at the GST contribution of each state vs what they get back from the commonwealth to see this as clear as day. It is only perhaps in the last few years at the peak of the mining boom that QLD and WA have become net contributing states to the commonwealth rather than needing subsidy/disproportionate commonwealth support - and it's about time!
So,
1. What actually do they produce?
2. What is the net effect of these cities on the prosperity of Australia?
ahem.
and where do all thos raw materials come from to produce said items ?
sounds like it all happens on Planet Townsville.....unbelievable.....
sounds like it all happens on Planet Townsville.....unbelievable.....
perhaps some city slickers need to go to a real export port and see where the money for australia comes in.
Total industry exports (current prices) totalled $279.3 billion over 2008—this is 140.0 per cent higher than the total for 1998.
* Agricultural exports accounted for 3.8 per cent of total exports in 2008, down from 8.5 per cent in 1998.
* Mining exports accounted for 39.2 per cent of total exports in 2008, well above the 18.8 per cent in 1998.
* Manufacturing exports accounted for 33.8 per cent of total exports in 2008, down from 45.8 per cent in 1998.
* Services exports accounted for 19.5 per cent of total exports in 2008, slightly down from 23.5 per cent in 1998.
* Exports not specifically classified to an industry (due to not readily being classified and/or confidential) account for the remainder (approximately 3 per cent of total exports).
For a stock trading/investment site, the low level of general knowledge about our $1Trillion+ pa economy here astounds me sometimes.....
Yes, the mines with future contracts tied down are ok, and also the ones getting the top soil scraped and infrastructure for the ramp up again in 2-3 years time.
Once Queensland approves uranium export we will boom again. Some of my Labor mates from the Right have it on their agenda.
gg
Just to get this back on track I'll quote my original thoughts on how I see the recession panning out in North Queensland.
Manufacturing and services are important, I agree, but in my opinion it will be a resources led recovery.
gg
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