re: hanrahan, stainless,tejay
Hey Mate, if you are own MSN put in [email protected] love talking about the economic clock. Yes you are correct with property slowing and people losing jobs, its like the first plate moving which will cause the larger quake. I don't think property will crash it will be a very steep decline though as once people start losing jobs bit by bit it starts going down, then as rates rise then one by one they get knocked off. The problem that will happen is the majority of people will be in one bracket, the rates will go to a point where if the RBA raise rates anymore it will knock out this whole bracket causing a major crash then, however the RBA will not want this, but yet if they don't raise rates inflation goes high. Australia itself is not the problem, the US is the serious one, they have to print cash to pay debts, this creates infaltion. With the large amount they have to print this creates a massive bubble in all markets, rates go that high the economy can not function and then bang its all over. Stocks crash, property falls, infaltion turns to massive defaltion and the US gov is left with massive amounts of debt and basicaly goes broke. But yea add me to MSN if you have it.
