Trumpled (Alternative Leading)

[LP]

THAT is an example of what confidence can do to financial markets and what I am talking about.

I agree that it's a good thing, but I just worry that the part most loudly being touted is just a very small part.

Flightcentre is a great example, because in total it's a tiny fraction of the tourism and holiday trade. Locally small domestic vendors are gearing up for the biggest holiday season on record, because of the very same circumstance that Flightcentre rallies against! But you won't see it reported, because the myriad of smaller vendors are not a large monolithic entity that garnishes media support. Yet fiscally as an impact on the economy the small vendors add up to far more than Flightcentre ever will!

Sure, somebodies retirement fund or pension might be linked to a publicly listed company like Flightcentre, but not everyone's, and all those small vendors have superannuation, buy and employ locally. Some academics have even argued that the demise of a monolith like Flightcentre is more than compensated for by local small vendor growth, increased regional employment and a global reduction in emissions. But you won't read News Ltd reporting the last part!