i was wrong, page-38

Yup exactly right Nice One

And as a part of the Eastern economies Australia missed the recession because we are clearly operating on a different economic cycle


Thats why I think Keen and the bears are so silly to compare Australia to the US and Europe

We are on a different economic cycle.

Therefore, yes if China's economy fails over the next 10 years we will suffer and so will real estate.

But history tells us China is very willing to prop up its economy through the tough times while they wait for the goods times (i.e. Western economies recovery) to reduce government intervention.

For countries like Australia its an almost Win-Win scenario.

It won't go on forever. China will eventually become a developed nation.

But that is a long way off, so I suggest you and the bears make sun while the sun shines.