Tend to side with the bears on this one. At present I don't see grounds for optimism due to -
Slow wage growth
High debt levels
china troubles (side note, I may have missed it, but has china fixed all those issues from a few weeks ago - I tend to think not!)
sharemarket still off what I would say are good levels
concerns about the US lifting rates and the flow on effect (which I think is ironic as lifting rates shows confidence in the economy)
probably worth noting that interest rates are low here because of reserve bank concerns with economic conditions, its hard to be optimistic when the bank itself does not appear to be
