I am not surprised. Australia has fallen into its biggest economic slump in almost 20 years. Home loan defaults are at their highest for 15 years and interest rates are just starting to increase. I can see some aircraft being parked and an operator or two going out of business in Australia.
Key sectors in the US ecomomy pummelled last month and have rekindled fears the worlds largest economy faces stagnation. Unfortunately the labour party blew our accumulated surplus of approx $63B through mismanagement and we have seen deficits of $27.1B in 2008/9, $57.6B in 2009/10 and an expected $40.8N for 2010/11.
Now the loonies want to introduce a Carbon Tax and Alan Joyce is one of them !
Last edited by B772; 5th Jun 2011 at 12:45.