FYI – Although we may see a reduction in construction here in the US, Australia is booming. I was told that in Perth alone, there are over 29 major downtown construction projects underway, and from the looks of it, Melbourne isn’t doing badly, either. Seems Oz is selling its natural resources to the highest bidder, in this case, China. The giant emerging nation is buying chemicals by the boatload to be used in its flat out infrastructure building projects and Australia is banking the result.
Although the world banks seem to be teetering on the brink, Aussie banking institutions claim to be healthy and solvent, with none of the failures and like issues we’ve seen in Europe and here in the US.
