But is there really going to be a round two? Well, if the first incorrect assumption was that Australia didn’t have a bad debt problem, the second assumption is probably even more dangerous. It’s more dangerous because it’s the single most unexamined assumption behind much of Australia’s economic prosperity. The assumption is that we’ll always have China.
March 18th, 2010 | Dan Denning | 30 comments | ContinuedAll Posts Tagged With: "credit bubbles"
Don’t Pin Your Hopes on the U.S. Dollar
Here in the States, we can say that the U.S. dollar is cheap. Everything in America seems cheap compared to Australia. Food, beer, movie tickets, petrol, and of course, houses. The cost of living is definitely lower here, at least in this part of the country. But even though it’s had its first monthly rally since June, don’t go pinning your hopes on the U.S. dollar.
December 23rd, 2009 | Dan Denning | 17 comments | Continued
House Prices Always Go Structurally Higher in Australia
What about housing? ANZ Bank published a report on the subject yesterday. Among other things, it declared that, “We expect dwelling prices to edge higher for much of the remainder of 2009 with upside risk presenting from intensification of strong fundamentals, a shift in price expectations and restoration of confidence.”
July 2nd, 2009 | Dan Denning | 75 comments | Continued
