Australia's five tidal waves of unemployment

Tony Abbott is already facing mass job losses in mining, energy, retail and public service prior to the next election. Letting our motor industry fade could prove his biggest mistake yet.

No peace-time Prime Minister in Australia’s history has faced the challenge now facing Tony Abbott.

I do not think the Australian nation, treasury or the cabinet understands the magnitude of what is going to happen. The share and currency markets are just starting to get a whiff of what is ahead.

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