PPRuNe Forums - View Single Post - Future of Qantas in jeopardy: Joyce (Merged)
Old 3rd Jun 2011, 07:57
  #143 (permalink)  
gobbledock
 
Join Date: Oct 2009
Location: Alabama, then Wyoming, then Idaho and now staying with Kharon on Styx houseboat
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Old Mate, I posted this on another thread, but it may help your answer -
Problem is that the Global share market tanked in general yesterday, down 2.2% in total with Wall Street copping a hiding. Australia lost around $33 billion on shares. Of course the Australian economists are naturally painting a healthy glowing forecast which is a croc. We have a two speed economy and if you are one of the minority involved in the resource sector you then Santa has been rewarding you with lots of lovely gifts but if you work in any other sector like the majority of us then you are not only bleeding but you are having your short and long term wealth stripped away from you. The USA is close to collapse, as a result China will slow off (the Yanks can't afford to pay back the billions they have borrowed from them) and then our economy will take an even bigger hit. Qf redundancies are just the tip of the iceberg......
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