Hawkers - I said there are differences, but also similarities between stock and residential markets. If Monaco house prices have historically traded at a 50% premium to Masseys Cadoux house prices (through cycles thick and thin) and there has been either no material structural underlying change in each of those economies, and there has been no significant permanent change to the underlying drivers in either of them, then my logic is certainly sound when that premium has ballooned to over 100%.
Speaking of desert, this is now to SA's huge advantage with it being the front runner as the world's number one destination for permanent nuclear waste disposal. The likely net present value of the revenues likely to be generated are of the order of a trillion, and NPV to SA is of the order of a hundred billion. When you have even the Labor Party backing it to the hilt - a 100% turnaround from the Dunstan era - the chances are very strong that SA will get it.
I find it amazing how some people here can have a rather biased opinion on the state capital without having visited the place, nor having invested in the place, nor having the foggiest as to what makes the local news.
