Gee, you property people all hype up on the whiff of inflation erasing your debts.
Your views are very simplistic and looks at only a few sectors (manufacturing / tourism / higher education). Have you looked at our terms of trade? Do you expect manufacturing to take over from the mining boom after a long bout of Dutch Disease?
You better get on the phone to GMH and tell them about the falling dollar saving Australia.
Did you understand the link I showed you about falling national incomes?
We are set for a period of real wage deflation. Yes, the dollar will fall making our wages more competitive in the international market place. Imports prices are likely to rise in tandem with the fall in the dollar.
But what you are missing, is how wages will rise in line with inflation. They won't. As treasury says, we are about to go into the slowest period of wage growth in 50 years.
What you will see in the next few years is rising prices, but stagnating or falling wages.
And you are just a tad optimistic about "stopping" unemployment! The falling AUD is not a silver bullet that solves everything. There are a lot of other structural problems in our economy that need addressing.
