Comments on: Reserve Bank’s First Interest Rate Cut in Seven Years http://www.dailyreckoning.com.au/first-interest-cut-in-seven-years/2008/09/03/ An independent perspective on the Australian and global investment markets Sat, 21 Nov 2009 17:27:32 -0600 http://wordpress.org/?v=2.8 hourly 1 By: Mining Stocks Are Your Best Bet in Uncertain Austrialia - Contrarian Stock Market Investing News - Featuring Bargain Stocks http://www.dailyreckoning.com.au/first-interest-cut-in-seven-years/2008/09/03/comment-page-1/#comment-63433 Mining Stocks Are Your Best Bet in Uncertain Austrialia - Contrarian Stock Market Investing News - Featuring Bargain Stocks Thu, 29 Jan 2009 18:36:16 +0000 http://www.dailyreckoning.com.au/?p=3587#comment-63433 [...] Reserve Bank’s First Interest Rate Cut in Seven Years [...] [...] Reserve Bank’s First Interest Rate Cut in Seven Years [...]

]]> By: Dave In Elwood http://www.dailyreckoning.com.au/first-interest-cut-in-seven-years/2008/09/03/comment-page-1/#comment-39650 Dave In Elwood Fri, 05 Sep 2008 08:04:28 +0000 http://www.dailyreckoning.com.au/?p=3587#comment-39650 Hi Al, I would like to question your talking down of the property market in particular the Australian property market. (I do not own any property). Are you bearish about the Australian property market also? You did not really specify which countries property market you were referring to. Clearly the Australian economy is coupled to the price of resources (ie. coal, gold iron, etc) so if resources increase in price the Australian economy will surge and thus people will have more money to spend on housing. So stronger commodities = higher Australian real estate values. If anyone can spot a flaw in my reasoning please let me know. Or maybe it is a mistake to apply reason to markets in the first place! Thanks Dave Hi Al,

I would like to question your talking down of the property market in particular the Australian property market. (I do not own any property). Are you bearish about the Australian property market also? You did not really specify which countries property market you were referring to. Clearly the Australian economy is coupled to the price of resources (ie. coal, gold iron, etc) so if resources increase in price the Australian economy will surge and thus people will have more money to spend on housing. So stronger commodities = higher Australian real estate values.

If anyone can spot a flaw in my reasoning please let me know. Or maybe it is a mistake to apply reason to markets in the first place!

Thanks

Dave

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