interesting thread,i cant put much into the past as i was`nt around,but as for the 87 crash,after that event i put money into real estate as it was at a relitively low base.at that time interest rates were at 15% heading to 17.5%,there was alot of corporate debt,inflation was out of control,stock market prices were high prior to the crash ,and fell quickly.just a few things i think are different at the moment. inflation is not rampent,and my be cooling more.interest rates are in an easing mode,world wide.the markets have been falling for just over a year now. commodity prices have been smashed in the last quarter,to a point that mines are closing.the population world wide has increased.the rapid growth of the asian countries,alot of these people dont have the debt,that the west does.there has to be world wide infastrusture programs implemented as its a neglected area,and population on planet earth keeps growing.also the aussie dollar is cheep!
UMC Price at posting:
76.5¢ Sentiment: Buy Disclosure: Held
