That's what virtually everyone now thinks too. And when everyone is thinking the same, no one is thinking.
The problem with focusing on economic fundamentals, as economists and media analysts compulsively do, these indicators invariably look best near market tops (just as they did in 1987, 2000, 2007..) so can lead investors astray at the worst possible time. Like driving a car looking in the rear view mirror, it's a dangerous strategy.
With virtually everyone having already chased yield and fully invested in risk assets (including property speculation) any market "surprise" will lead to a selloff of the over/highly leveraged first and, given the record level of household debt in Australia, a credit contraction/debt deflation more severe than 2008.
