marc faber on australian property bubble, page-12

It doesn't matter that people like Faber can see we have a bubble of biblical proportions.

I prefer my own observations.

Supply will swamp demand.

The economy is heading for disaster.

Folks are very angry with Rudd but I don't put it all down to the super tax.

Rudd was on the nose well before that policy was introduced.

I think that people know the economy is nowhere near as solid as they portray.

Anyway we shall see soon enough.

I say the crash has already started about 2 weeks ago.