Correct pear. The industries of old like banking are basically cleaned up on the gifts and lavish spending front (you can debate their pay) and the financial planner networks and mortgage and insurance brokers are currently being cleaned up but the mining sector has just gone through the most ridiculous boom and there will be much opulence to answer for in the years ahead.
A mate (banker) told me a great story of going to Perth about 2 years ago and was out with 3 work colleagues for dinner. They ordered mains only because the meal allowance didn't even cover the full cost of any main and they tried to order a bottle of wine to share but there was none under $120 so they had water. Then in came the BHP crew of 12 - he said it was like watching a roman orgy or medieval England feasts - no one could decide what entree to have and they showed disdain for the waitress so someone came up with the idea of 'we will have 1 of everything' which was met with a cheer and agreement. The first wine order was 4 different bottles ranging from $240 to $390 - he left before he saw the rest of the night but it did remind him of movies of stockbroker/ banker days of old in the 80s and 90s.
The industry has gorged itself and is now paying for it.
They tide is not even half way out in my opinion so there are many many people we are still yet to see naked and it's not going to be pretty.
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