Sunday, May 22, 2011
When the Resources Boom is Over
"But the minerals boom won't last forever. The second phase of investment is now committed, ensuring strong investment over five years. The boom may last long enough to underwrite a third phase of strong investment in the second half of the decade, or even a fourth phase into next decade. I don't know how long it will last. I do know we need to secure Australia's future when it's over. It may be beyond the horizon of the current government, but our children will have to live with the consequences."