Perth’s new boom: busts

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From the ABC:

A Perth legal centre that provides free advice over the phone for people in debt says calls have almost doubled in the past month, as the local economy continues to adjust to the post-mining boom.

“In the last month we have had 434 calls, which is 100 to 200 more calls than normal,” Gemma Mitchell, from Consumer Credit Legal Service WA, told 720 ABC Perth.

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About the author
David Llewellyn-Smith is Chief Strategist at the MB Fund and MB Super. David is the founding publisher and editor of MacroBusiness and was the founding publisher and global economy editor of The Diplomat, the Asia Pacific’s leading geo-politics and economics portal. He is also a former gold trader and economic commentator at The Sydney Morning Herald, The Age, the ABC and Business Spectator. He is the co-author of The Great Crash of 2008 with Ross Garnaut and was the editor of the second Garnaut Climate Change Review.