We had a friend who travels extensively overseas,visit this week. He says that our housing prices and our bubble economy are the laughing stock of Asia.
I can't see how we have no inflation when the price of an average house has doubled in the last couple of years. If it takes twice as much money to buy the same item, then the purchasing power of our currency has collapsed.
This is rampant inflation.
And the Reserve Bank is supposed to control this. Not rig the figures and say it's not happening.
The parties over. The hangover will be long and painfull.
- Forums
- ASX - General
- the aussie property bubble is about to pop.
the aussie property bubble is about to pop., page-2
Featured News
Featured News
The Watchlist
RAC
RACE ONCOLOGY LTD
Dr Pete Smith, Executive Chairman
Dr Pete Smith
Executive Chairman
SPONSORED BY The Market Online