Australia's Mining Bust Turns Towns Into Ghost Towns; Expect Interest Rate "Shock and Awe"
MishTalk
MARCH 1, 2015
One real estate agent said “a hell of a lot” of property was on the market – about 400 houses were for rent or sale and buyers were scarce. The Australian dollar fell sharply on the announcement of a cut, dropping to a fresh 5½-year low, while the stock market surged to the highest level since May 2008.
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