Too right Doc, capitalism on the way up and socialism on the way down You and l wont get bailed out, we will just get to be part of the next generation of tax payers slugged to repay the losses of those bailed out by the government for being too greedy. market forces should be allowed to take their course not artificial pumping up by bailing out to keep prices high. Load of sh*t. Hi rapid, l think that forum link is down, they must not have paid their bill. ironic in a way Perth went up hard on the back of the boom and high paying jobs which are now disappearing, how bad it will be who can say other than it seems to get worse on a daily basis. The company l work for has a minor involvement in mining in Kalgoorlie and its amazing how hard and quickly that market has slowed, it was inconceivable not so long ago to those (such as myself) that were not really too focused on the bigger picture. You can go on the GHPC forum and search old posts and see the predictions of those who understood the fundamentals, they expected it. Smarter than l. Apache in Perth have pulled back hard, the others have not changed their plans much (yet) but if Oil sinks then its inevitable. l am finding the same in the Oil Industry, the guys with 1 years experience who have resumes longer than mine are the first laid off, as in all markets there is a flight to quality in a downturn and the labour market is no different. These people will find it very hard to stay in the Industry as they essentially have little expert skill to offer. So back they go to their pre boom average paying jobs, its possibly still not enough to support the lifestyle they thought would go on and on, so they start selling up some of their stuff.... Cheers, mondie