credit crunch doesnt effect australia, page-8

I think TheWord and The Goblin *both* have valid points to make.

TheWord is right to suggest that (as his charts imply) Australia and Australand may not escape scot-free from unwise US leading practices. The cost of borrowing could get dearer - leading to deflation, stagflation or inflation.

On the other hand, when investors and lenders are as nervous as cut snakes, property-based Australand (while dull and boring as far as growth prospects are concerned) produces stable dividends and is a better storehouse of value than whiz-bang market darlings.

There are no easy answers (or sure bets) in this market or any other market - just folk making and not making decisions and pretending (if they're right) that they knew, all along, what was going to happen!