You are about to endure a worldwide financial cataclysm.
That will result in a wave of nationalism not seen since 1914. The Qantasia strategy will be seen as the farce it is. You are Australian? You fly on an Australian airline, period. Chinese? Same same.
Qantas will not survive unless it maintains, overhauls or repairs EVERYTHING it requires in Australia.
By the beginning of 2013, protectionism will no longer be a dirty word. The Australian mining boom will be imploding and with it the Australian two speed economy. House prices need to come down at least Thirty percent - which they will, as interest rates head towards Ten percent because Australia will be fighting to finance itself as foreign investment dries up.
The stupid smartass American pundits currently laughing at Europe and the Greeks will be crying their eyes out because the American banks have huge exposure to Europe. Singapore also has huge exposure to Europe via its financial investments and China will be dealing with internal problems.
Gold will double in value by any measure and worldwide inflation will skyrocket.
The price of Australian labour will suddenly be looking very very attractive, especially for the airlines, because a lot of on - costs are actually deferred liabilities. To put that another way, when you get your aircraft maintained by Lufthansa technik in Manila, you have to pay CASH to get it back, not so with maintaining it here.
God help us all. Some of us have seen this coming for at least Five years.
Last edited by Sunfish; 19th May 2012 at 21:31.