Perth commentator Tim Treadgold is one of the state's highest-profile business journalists. He brings decades of experience to Business News, offering readers sharp and insightful analysis of current events and breaking news.
Steel, in case hot-headed speculators playing the Australian stock market had not noticed, is essentially made by blending two materials – iron ore and coal, with a bit of limestone tossed in, plus nickel and other stuff for speciality steels.
‘Everyone makes money in a boom’ and ‘every deal is a winner’ are statements that ought to be consigned to that list of other great lies, such as the ‘cheque is in the mail’ – a point that close observers of the deals of 2005 will have noted.
The second-hand car business was revolutionised 20 years ago with the arrival of the internet, but there is a second revolution under way that promises to be even more disruptive and could have a significant effect on some of Western Australia’s best-known car yards.