Rudd in Drag

For those who follow the stock exchange, building materials share values are the key to the boom and bust cycle of Australian (and similar systems) property, infrastructure and construction booms. When building materials values go down we know that overall market demand decline has settled in. It means that the developers and engineers have reduced their forward orders for bricks and mortar. At the same time the States have been told to reduce their own little-known immigrant-sponsorship programs.