australia headed for the perfect storm, page-83

"The property market flourished under the Howard Govt and the early years of the Rudd Govt because we had strong growth, low unemployment, and Australia was able to compete due to a low dollar and a relatively low cost labour force."


The property market flourished because the global economy was going bananas - nothing to do with who was running this place.


Earlier Howard had removed negative gearing and crashed property.

In the end, it doesn't matter which monkey is at the wheel, the globe makes the difference - it is only timing.

The world is still vomiting from overindulgence in debt - how and when it recovers will say how Australia goes.

We don't know how bad we will be hit - the vomit hasn't reached here yet.

Basically, the way Europe, Britain, Japan and the US are right now - if per chance China farts, we will be covered in crap.

We could have Mickey Mouse at the wheel or Charlton Heston playing God and it won't make a bean of difference.


Have a great day all


Pinto