property boom over back to 2000 prices, page-7

I personally believe property prices will plunge in WA.

I fully expect the commodity boom to bust.

Sooner rather than later is my WAG.



Here is an interesting article from the UK.

The economic disaster will get worse
By Edmund Conway
Last Updated: 12:55am BST 11/06/2008

It had to happen sooner or later. We have an economic disaster that cannot be blamed on Gordon Brown. No, not the collapse of Northern Rock, which the Prime Minister wrongly tried to attribute to problems in the American sub-prime market. Not the slump in house prices, rising unemployment or our stalling economic activity, which are all home-grown traumas.


No, this is 21st-century stagflation: a toxic brew of soaring inflation and slumping growth. Technically, Mr Brown could have done more to prevent the latter, although I'm willing to give him the benefit of the doubt. But the return of stagflation - or globeflation, or whatever peculiar name the wise men will give it - is an international phenomenon, with higher prices generated by China's rising economy and the fear that we may be running out of oil/metals/food/water.

http://www.telegraph.co.uk/money/main.jhtml?xml=/money/2008/06/11/do1104.xml