So this boom that has rained bucks on its beneficiaries and disadvantaged the majority in myriad ways – in Perth, at least – appears to have busted. Slow handclaps for the stockbrokers and financial media seers who declared time and again with unshakeable confidence that China’s dizzy growth rate was assured for another three decades, regardless of America’s economy or the state of global markets. Add India, the other waking giant, to the mix and we had a cake that would just keep on a-risin’. Turns out, ’twas more like a souffle full of hot air that escapes with a hiss when taken out of the oven, leaving big ambition and great expectations collapsed in a cheesy heap…
I say three cheers for the bust. The boom has misshapen the Perth community quite grotesquely in all sorts of ways. Here are a few obvious examples: Continue reading Three Cheers For The Bust
Now, for your delectation, the final podcast in this series of excerpts from my interviews with Perth mining company executive and boom beneficiary, Mr Hilton Casey-Urqhuart-Newton-Thomas.
Here, Casey-Urqhuart-Newton-Thomas identifies the 3 virtues he considers essential if you want to “get on in life” – which I presume means heaving home seriously fat bacon, like him. Yet, as he tells it, life for the triple income salary earner does not always go down as smoothly as a 1990 Grange. Continue reading Podcast From The Womb of the Boom (final) – A Perth Boomer Tells His Story (Part 4: Tax the Poor, Not the Rich!)
If you’ve spent any time on this blog, you’ll be well familiar with my attitude towards this bloody Boom and the ways it has changed Perth.
While the mainstream media was blasting headlines at us week in, week out, about the explosion in real estate prices and hyping up Perth as the new glamour capital of Australia, some of us were recoiling in despair. Continue reading Podcast From The Womb of the Boom – A Perth Boomer Tells His Story (Part 1: Job and Home)