matty's new prediction

Today is 23 May 2011. Take note. This one is for the record. Now, there is not one mainstream news I have found on this subject.

As much as I don't want to see happening, Australia is going into recession (thanks to the housing crash as being one of 4 key factors). I DON'T WANT A RECESSION...but it can't be avoided.

By the end of the June Quarter (i.e August), there will be mainstream articles indicated that we will be entering (or already have entered into economic contraction). 2 quarters of economic contraction is the common definition of recession. That means by X'mas we are technically in recession.

Kingy, if you are so keen about data, I can recommend you the REI auction clearance results or the beautiful graphs on CJ's page about the Hedonistic house price methodology.

Got to go.