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yeah musings here as well. if the perth yields are anything to go by, half the investment's serviceability is met by the owner with after-tax dollars - and that's just the lend cost, add back rates, water, mowmowman etc... land values are the clincher. if they fall, that's the REAL underlying...

yes absolutely - but not if IRs are hiked to match and contain. i know growth + high IRs = good, but not so good if your wage isn't moving to compensate. and no, i'm not using govt stats - just what i see every day talking to people. the key is the trifecta - inflation, IRs and wage growth...

just chuck another $4bil on, no one will know i'm sure - just ridiculous. i reckon we're going to see a global currency quicker than i previously thought - the only way to get out of debt like this is to print print print and devalue the debt that the dollar is tied to, through inflation. ZBW...

this trend is worrying. we're getting a lot of bond buying on the backs of these rate rises and we're going to have to pay these bonds back with real money. but we're runnign a $52bil deficit? what?

nothing wrong with mainland.....as long as you know where you're treading. i'd stay well away from Beijing and focus more on Shanghai / Chongqing. still, the Yangtze will be dead in 5 years, it's irreversible, so I wonder what that will do to the local sentiment.

as long as you're borrowing FIAT money to play the FIAT game, you'll be just fine.

chongqing should be interesting - that city redraws it's map every 3 months for the expansion. i think this was a ploy by the RBA to get parity and sell more bonds. either that, or they're trying to sell more poly money to countries that don't need it.