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Oz Mines for Trouble
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Oz Mines for Trouble

Philip Bowring's avatar
Philip Bowring
Dec 03, 2010
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Oz Mines for Trouble
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Australian hubris appears to have reached a new high. Now that property prices in the US, UK, Ireland, Spain etc, have collapsed, Australia has the highest property prices relative to income of all the OECD nations. And now it is exulting in a mining investment boom which contains the seeds of its own destruction.

Believing that urbanization in the devel…

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