Problems at Flight Centre signal wider issues

Politicians must understand the changes occurring in our market place.

Summary: Flight Centre’s share price woes this week point to both the difficulty of sustaining a business in the technological age in Australia and the pressure it puts on PE ratios, especially in the low interest environment. Meanwhile, problems on the horizon for our apartment sector have seen shorters turn their attention to the banks.

Key take-out: The decline of manufacturing in Australia and unemployment figures suggest that politicians should understand cost of living pressures and very important to voters.

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