From the economics thread,dopey and thorburn are literally the Lords of this economic forum,so it is eyecatching that dopey, as usual doesn't pull any punches or he plain ignores you,in fact thorburn does also.
re: eurobail ? (Dopey) Forum: Economics (Back | Return to Property Forum) Post: 14701 Reply to: #14700 from Dopey Views: 46 Posted: 16/02/14 20:30 From: 118.208.xxx.xxx
Post Reply Thread View Back (0) Report Post << Previous Post Next Post >> Menta on the property thread: 'The auto and manufacturing industry jobs we're losing to cheaper overseas workers will be nothing compared to the mining industry job losses as China's economy slows (even worse if the China bubble bursts) and the loss of retail jobs as our economy slows. Add declining construction work as Australia's housing bubble deflates and we're got a recipe for rapidly rising unemployment, a prolonged recession and massive debt deflation.
Unfortunately this scenario is becoming increasingly likely so Dent's forecast for a fall of up to 50% in Australian house prices over coming years is plausible.'
