Business

Mining boom ticks over

RESOURCES Minister Martin Ferguson couldn't help dropping his bib in his soup a couple of weeks ago. He announced the minerals boom was over.

Former union officials turned politicians do not economists make, obviously.

What inspired Ferguson was BHP's announcement that it was putting South Australia's Olympic Dam project on hold. Then another political/economic illiterate weighed in and said that the project was put on the back- burner because of the great big mining and carbon taxes. Guess who?

You wonder whether these guys eat or smoke their sprouts in the parliamentary dining room.

Chief of the Reserve Bank Glenn Stevens last week thought it time to call this sort of politicking what it is - bulldust.

In fact Stevens told the House of Representatives' economic committee that the economy is in as good a shape now as at any time in his 40-year career.

"We have an employment rate a bit over 5%, core inflation of 2%, our government is AAA-rated, our banks are strong and we've been given by the global economy a huge gift by the terms of trade rise.

Bob Lamont is Senior Partner in Corporate Accountants and Rid Tax situated at the Night Owl centre. He welcomes your questions directed to bobla mont1947@hotmail.com

Topics:  bob lamont martin ferguson mining boom opinion



Council's choice in revealing reason behind shock departure of CEO

Gladstone council meeting January 17, 2017.

THE COMMUNITY "doesn't really have a say” in who the council CEO is

Two-year-old Gladstone boy kicked in head by horse

FILE PHOTO: Horse generic

A toddler sustained head injuries after being kicked in the head

Cheapest places to fill up your tank today in Gladstone region

Petrol Bowser- petrol price story. Photo Lee Constable / Daily Mercury

THE cheapest place to fuel up in the Gladstone region today

Local Partners

'Be alert': Gladstone elderly vulnerable in heat

Pets and small children aren't the only ones to look after in the hot weather.


New Year New Yard

Win $1000 Bunnings Voucher
Learn More

Puppetry of the Penis secrets revealed ahead of show

The famed Puppetry of the Penis is coming to the Sunshine Coast for shows in Noosa and Caloundra.

WARNING: This interview contains adult themes and traces of nuts

Noll meltdown won't affect Gympie Oz Day concert

Shannon Noll

Photo Contributed

Shannon Noll is still expected to perform in Gympie next Thursday

11 huge events coming to Gladstone in the next 6 months

Events coming up in Gladstone in 2017.

Your guide to exciting events coming to the Gladstone region

Bowie's final music EP No Plan released

NEW: Artwork for David Bowie's posthumous 2016 EP, No Plan.

David Bowie's 28th and final album

Crow Street Creative on right track

Crow St Creative host barbecue and bands.

"Blank canvas”: industrial Crow Street developments

Married At First Sight: Ipswich bachelor seeks love

READY FOR IT: Ipswich man Simon McQuillan will appear on the upcoming new season of Married At First Sight.

Romance would top off recovery for Booval man

Dinky-di Denyer: Family Feud favourite hosts Oz Day party

Grant Denyer will host Channel 10's Australia Day concert from the Sydney Opera House.

GRANT Denyer shares his Australia Day traditions ahead of concert.

Chelsea Handler blames the Kardashians for Donald Trump win

Chelsea Handler pictured in a scene from her talk show in Los Angeles.

TALK show host blames rise of reality TV family for election result.

Law & Order’s Trump inspired episode is still in limbo

The cast of Law & Order: SVU season 18, from left, Kelli Giddish, Raul Esparza, Mariska Hargitay, Ice-T and Peter Scanavino. Supplied by Channel 10.

SHOW'S mastermind unsure if or when twice-delayed episode will air.

Ipswich block of dirt sells for $582 a square metre

JUST SOLD: A property on the Brookwater golf course sold for a record-breaking $612,000.

Property smashed 2007 record by close to $100,000

Sunday auction for historical home

Former Catholic school sure to attract spirited bidding

Looking back, looking ahead in Noosa

NEVER-ENDING GLORY: Looking towards Laguna Bay and Hastings St from Noosa National Park.

Natural appeal of Noosa continues to attract buyers

Thousands of jobs part of $1b retirement village project

THIS YEAR: An artist impression of the new Aveo retirement village in Springfield.

Aveo Springfield unveiled this month, homes ready by July

KNIFE-EDGE: The housing tightrope we now face

Even the smallest interest rate rise will be hard for some to handle.

One if five home owners at risk, according to new analysis

Ready to SELL your property?

Post Your Ad Here!