Mitta, not difficult to make a case that that chart broadly follows the GDP of the major consumer nations post GFC, with the shaded area representing the markets catch up to reality.
Dare I quote the biased old tosser who has no idea what he's talking about despite a lifetime working in the industry - Jack's response to "why have RE's been falling" - "I think we're in a world wide recession".
Broad brush but with consistently improving numbers from the US, Japan & now Eu joining in, driving markets are we due some trickle down effect in the next few months?
Likely to be some supportive news out of China in the next two weeks also.
today, page-16
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