Yep, sure is some real stuff happening. Transport industry. (Just the refrigerated division where Macka makes his living) 2008. 4 major operators go to the wall & several others floundering. All in all, something like 600+ rigs between them. (When this stuff hits the auctions it always drives a major hole in the new equipment market) 2009. None of the majors like Toll, Linfox, Woolworths etc are placing the usual orders for new gear that is normally happening this time of the year. Toss in the terrible natural disasters of floods & fire, dress with reduced spending on fresh produce/fruit/meat etc, and you've got a section of the transport industry bleeding from the bum. Next, take the massive reductions in heavy freight that has serviced the mining industry through the boom. The big suppliers of prime movers like Kenworth, Western Star, Volvo etc have the largest stocks & shortest delivery times ever experianced. No matter what spin you put on it, its going to be ugly for a while. As for hedging by buying gold stocks etc, if Macka could do that he'd be saying to Claude, "F*k the gold Claude, lets just get back in a T & head for the beach to have a sit down" Oh, & dont forget the Smarties.......