Bill Moss tells RV industry to take control of its destiny

The former Macquarie Bank senior executive spoke at the annual conference of the Retirement Village Association in Sydney yesterday.

Former Macquarie Bank senior executive Bill Moss navigated his audience through the possible future effects of the global financial crisis on their industry. Mr Moss is now chairman of the FSHD Global research Foundation and Moss Capital.

Mr Moss spoke about the industry’s need to be wary of media and government hype surrounding Australia’s economy. He warned listeners that the economic facts were not as rosy as the picture being painted.

“There are less hours being worked and wealth has been seriously eroded,” said Moss. “Investment decisions are being delayed and household formations have changed.”

Mr Moss said that small to medium businesses were most vulnerable and said that access to finance was the key issue.
“We either need access to foreign debt or we need more banks in this country to provide finance,” said Moss.

Mr Moss told his audience that “the macro picture is rosy” but warned them to take matters into their own hands and “stand up and speak out”. He urged his listeners to consult with the Government to ensure they were part of the decision making process surrounding the industry’s future.

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