property 20 years lockout, page-23

what makes you think wages will rise strongly particularly when so much work is being outsourced to cheap well educated countries? and when does living beyond our means, year after year, and running massive current account deficits in the midst of a commodity boom, come home to roost?

If we aren't in surplus now...when will we ever be? debts have to be paid one way or the other, government debt is low (including states) but private debt is at record levels, much of which is redraws on rising property prices to buy consumables....I mean it seems a fool's paradise to me.