Markets

Sunk cost

Name: Sunk cost
Uploaded: 2012-04-30T17:00:14.920Z
Duration: 4 min 21 s
Channel: Financial Times
Description: James Mackintosh on whether the Australian mining boom stays afloat

An Australian mining mogul has announced plans to build a replica of the Titanic. James Mackintosh, investment editor, notices a worrying trend for ambitious projects like this to be dreamt up at the height of a boom. James asks if this is a bad omen for the Australian economy.

April 30, 2012

Filmed by James MacDonald and Rod Fitzgerald. Produced by Veronica Kan-Dapaah.