Sunday, November 2, 2014

SIGNS OF A WALL STREET CRASH ?


During the  boom years of  Townsville back in the  19th  century  , Flinders Street was  called the  Wall Street of North Queensland .

Now  it  boasts  three op shops –Red Cross, Lifeline  and   Salvos . An  ominous  recent development  , however, is  this   sign  announcing   the    Gold Shop  is  closing  down.   Developments   like   this  would  cause tremors in  the  real Wall  Street  Casino  .  Some  people  there  would  be  tempted to  leap out  of  tall buildings as in the Great Crash .  It is no use  thinking of such drastic action in Townsville  because  a once  grand old  bank  building  near  the Gold  Shop  closing  down sale  sign  has  a  lift   where recently there was   a  scrawled  sign : THIS   LIFT  FUCKED , a  colourful economic  expression, often  used  by   Lygon  Street  screen  jockeys indicating the bull market has come to an end and the bears  have taken over .
His  cupboard ,  body  left  bare .



Hiding in  bushes in Flinders Street this unfortunate , unemployed gentleman  , Ambrose , playing  his conch in a bid to  earn  a buck from kind  passers by, who  lost not only  his shirt  but  his   trews  playing the  fickle  stockmarket.


Admittedly  there  are  signs  of   new  activity  in  the  interesting  street with  fine old  buildings , many of  them empty , and a  variety of businesses.  Several  new  Melbourne  style  cafes have  opened ;  James  Cook University  is represented there  and  there are  other  planned  developments.  It  comes alive  with  a  regular  Sunday  market.