re: housing prices/flow-ons
Consumption will fall, unemployment will only rise marginally as most of the people in the retail construction and hospitality area of the economy are casual and instead of losing their jobs will have their hours cut therefore remaining officially employed albeit underemployed. Restaurants and bars closing, company failures in the building industry expect at least one nationwide Juice Bar Chain to go into recievership. Falls in company profits. As the economy slows the an attempt will be made to inflate the economy through sub 3% interest rates.
