friday trading, page-61

Yes Dicey, I agree we have been lagging big time past few days but could our weakness be for good reason, one which hasn't come to light yet?

The CPI data out this week suggests that while price are going up, growth is still sluggish. I believe the economist's call that stagflation, and this stag doesn't point up as others may have experienced.

Our property market , especially when compared to other western nations, has been very strong and is now almost back to the late 2007 highs (although the increase in price this year has been on approx. only half the volume of sales from the years before). Stats are from Brisbane inner-city suburbs but would rhyme nationwide.

Rents have now topped and if rates are really going up then I think Australia's property market will show some significant weakness in the years ahead.

So far things have been great for us Aussie's, does that mean we are better than the rest.... or just lagging behind and need to catch up.... or down...