Sorry,

It was 4.3% for 12 months.

Don't count you chickens before they hatch.

I suggest you go out and talk to some who are not involved in the mining industry, either directly, or indirectly,then tell usnthings are rosy.

There is no doubt the numbers look pretty, but may I suggest you take away two things, mining and WA, then see where ae are.

I for one stand by my possition that these taxes will hurt.

As for the surge in mining investment, don't be fooled, these are very smart cookies that run these companies and I would suggest they have something up their sleves we don't yet know about.

Of cause, as always, I hope I'm wrong and you're right.

Let's see where we are this time next year.

*But it seems that Yabby, Peter, et al, aren't the type who let facts spoil a good theory.*

The facts are pretty straightforward, Anthony. WA is growing at
around 8%, or faster then China, whilst most of the rest of
Australia grows ever more dependant on what we do over here.

We do that despite Canberra, not because of Canberra.

If we seceded, you would be a banana republic.

Belly & Anthonyve,

You accuse me of not letting the facts get in the way of a good story but I would suggest that you guys are letting a good story get in the way of the facts.

What I posted was fact (except, of course, the Rumplestiltskin-style contract) – you may have guessed that I am employed in the mining industry and I hope that my first-hand experiences and insights can offer some perspective in this discussion rather than being dismissed as “mindless chants”.

I am not denying that there has been an increase in investment in the Australian resources industry but I cannot support a simplistic conclusion that such an increase is proof that the mining and carbon tax don’t discourage investment. Unfortunately, such correlations have become fashionable lately to replace any proper analysis of causation.

What is the breakdown of the investments? When was the investment committed? In what sector? What investments have been delayed or cancelled and why? I don’t know these answers but this is a simple start to understanding rather that offering conjecture.

Always happy to discuss facts.

What is going on in QLD is not the norm for the rest of AU. You voted for CanDo to fix the problems that exist there so blame yourself.
Won't be long now and you'l be able to relax.
Retail was the big winner in the last assessment, not mining.
Mining needs to slow down, to keep things in perspective. It is overheating.
Even though the figures are good Abbott continues to down-talk the economy. He is yet to say anything positive in this term of govt;.

Hi Peter,
Your questions are perfectly valid, and I confess that I do not know the answers.
I simply couldn't resist the opportunity to twist the tails of those OLOers who endlessly decry this government and who, like their poster boy Tony Abbott, are unwilling to acknowledge the slightest positive about our national state.
Cheers,
Anthony
http://www.observationpoint.com.au