Bypass the Greatest Depression

Are we there yet?
Ralph Norris, CEO of CBA, reported in SMH March 18, 2009 –
‘There is no doubt that the toughest period in the Australian economy still lies ahead’
So – The Worst is Imminent
• Banks (big 4) will emerge stronger than banks in USA & EU (not business)
• Unemployment will increase
• Defaults will increase
• First home buyer grants are allowing our banks to get Kids into Sub-prime loans
• Global Financial Crisis is moving to the next wave – highly leveraged infrastructure projects coming stuck (Get out of Merchant Banks)

The Baby Boomers have their end in sight – beyond caring or control – But concerned about the kids.
Kids don’t want to follow their parents’ career but need a start.

So rather than ‘buying the kids a job’, partner them in a property development.
• As unemployment increases, tradesmen prices will drop.
• Design & management can be learned.
• Allow creative imagination of youth, to get away from the boring constraints of project builders.