bis: vic property recovery 5 years away, page-7

  1. 2,172 Posts.
    Macrobusiness is an interesting source of opinion. Most investment-oriented websites provide details of who they are with a prominantly located ''About Us'' tab.

    Macrobusiness, however, has a very small ''About Us'' tab at the bottom of its home page?

    That aside, I'm not sure if I agree with the following opinion that is published on the website?


    ''As we noted earlier in the week, we think Tuesday’s RBA cut could be the last in this easing phase. The global cycle seems to have stabilised, with China bottoming out. We expect Chinese growth to pick up next year from 7.8% to 8.6%, which should provide support for commodity prices. Locally, we are seeing early signs that below-average interest rates are starting to support housing construction, house prices and consumer sentiment. Looking forward we expect to see further rebalancing of Australia’s growth.''

    http://www.macrobusiness.com.au/2012/12/bloxham-calls-the-end-of-rate-cutting-cycle/
 
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