eurobail ?, page-28

Menta on the property thread: 'The auto and manufacturing industry jobs we're losing to cheaper overseas workers will be nothing compared to the mining industry job losses as China's economy slows (even worse if the China bubble bursts) and the loss of retail jobs as our economy slows. Add declining construction work as Australia's housing bubble deflates and we're got a recipe for rapidly rising unemployment, a prolonged recession and massive debt deflation.

Unfortunately this scenario is becoming increasingly likely so Dent's forecast for a fall of up to 50% in Australian house prices over coming years is plausible.'

I rarely post on property because the discussion is purely driven by emotions, there is nothing to be learned from there. In other words: nothing new there, same old since...

the Australian property crash that has been consistently predicted since early 2000 and Menta jumps on it every year?

The chart was not made by me, but it shows the 'crash expert predictions':

Unfortunately a few 'experts' missing from this chart. That is really unfair to them.

Euro zone crash than China crash for everyone? Next topic?