my predictions for 2010, page-2

I don't see it happening quite so soon. I see more interest rate rises in the short term because we still spend like there is no tomorrow. Australia fared extremely well compared to most economies but because of it, we will also be paying higher mortgage rates.

In the short term, I don't think the housing market will fall, but I think some time in the later part of 2010 will show the telling signs for what we can expect. What will interest rates go to? Will the housing market fall due to foreclosures? How much? Will it fall at all?

Although we are not quite as linked to the USA as we used to be, the USA will effect China and China will effect us.
The US housing market is expected to fall another 5-10% due to a second round of Option ARM mortgages. Will this cause more banks to fall over due to bad debt? Will the US government bail them out again?....and at what cost to the future of their economy?

The great depression was 3 yrs after the initial fall. Will history repeat?

I realise I have asked a lot of questions. I would answer them if I had any idea.