Well i have been wrong bank shares and housing for a while now yawn,but i still feel housing is the elephant in the room.(wealth effect ).
I notice some nobel prize winner suggests our wages/global wages must adjust to a new global economic environment something i have felt for a while as imo it only makes sense when a country the size of china joins the wto global economy,not only joins but will soon be the number one economy.
Our unemployment figures imo will be rising due to bad govt policies on both sides,the strange part is it seems to me most understand what is required,imo wages will continue to be in decline as mining oversupply continues,manufacturing well simply nothing positive regarding any policies and services well for example china now leads us re university ratings etc.
Yes we have our super but access is restricted so imo it is just a matter of time,the interesting thing for me will be the trigger,possibly massive over supply/decreased demand for IO and/or not being competitive in LNG or not achieving forecast LNG prices.eg cheap russian gas to china.
ps still getting over dopey's employment chart and the size of the public service while other sectors on the decline .If nothing else surely the duplication in state/federal health should have been a policy.
