scathing view of credit suisse on oz housing, page-12

Hmmm ... my calcs show the XJO should be +6000 by now .. and skewed by misplacement of Capital.

A rebalancing of Capital better reflecting the value of Equities is welcomed and needed.

The GFC is now over 60 months long ... and tentative signs of recovery of the global economy suggest a return to genuine wealth creation is underway.

Wealth = businesses producing goods/services that people actually want at a price they want.

Just meeee view ..


Cheers ... tight stops.