As I posted before, the RBA faces a big dilemma/impasse.
Australia is in the same bind as every other country, faced with a choice between inflation and a noncompetitive export sector – because the world’s reserve currency is being deliberately depreciated.
If the Reserve Bank keeps cutting, inflation is guaranteed; if it doesn't, the ruin of Australia’s manufacturing and tourism sectors is guaranteed.
Established Oz. house prices are already way overvalued, therefore they can not be allowed to rise. House prices are secondary in the current situation.
- Forums
- Property
- prick asset bubbles early, stevens urges
prick asset bubbles early, stevens urges, page-12
-
- There are more pages in this discussion • 15 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)