There has been much debate about the NBN, its usefulness, its total cost and cost efficiency and its long term viability. I must admit I have been a sceptic and concerned about the lack of cost / benefit analysis and business plan as raised by Malcolm Turnbull. At our corporate break out conference last week we had Peter Blasina (TVs gadget-man) as one of our guest speakers talking about the future for technology.
There has been much speculation about a double-dip recession in the US and sovereign debt collapse in Europe causing stock markets to drift lower for much of the first half of this year.
At the height of the Global Financial Crisis (GFC) we were continually reminded by Politicians and Economists alike that the Australian economy was in good shape, our banking sector was sound and demand for resources would continue. However our local sharemarket followed Wall Street into a downward spiral. This further strengthened the argument that “When the US sneezes, Australia catches a cold”.