Indices 20/06, page-71

This is true bud except that is usually because things have reached their worst point. Consumers in for a lot more pain yet with interest rates only just starting to move up. RBA and FED to raise their base rates two to three times higher than they are now. So 2008 might be more appropriate just my opinion.

Can't see how consumers having their buying power broken (what the central banks have said is needed) a good thing for markets and it only gets worse over the next 6 - 12 months.