On his first day on the job the young man – who was known to bright, keen and energetic – watched in wonder as clients conducted their banking business; deposits, withdrawals, investments. And keenly observed the flow of vouchers and chits: pink or red for debits; green or blue for credits.
Third, the likely build-up in resources sector investment over the years ahead carries significant implications for the medium-term performance and structure of the economy. Even if a number of the proposed projects do not go ahead, the ratio of mining investment to GDP for Australia, which is already very high, will probably go higher still over the next several years.