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It's alright for them to be working up there, secure with stable public service pay and conditions, but they should not forget the impact of their machination on the laymen; workers and small business. It irks me to hear/read of them referring to historical 'low' foreclosure rate in Western...

Not me, I do not forecast with any statistics, sorry no crystal ball as such to lend. I observed and interpreted what was happening and discussed. Attached is one article in March 2008 reporting the big drop in consumer sentiment (business sentiments index was making multi year low also)...

What's obvious to some laymen LL is that the IP increases (after the fact) were feeding CPI. LL raised rent urgently (it's that or risk loan repayment arrears and mortgagee foreclosure). LL risked tenant churn by lifting rent increase as soon as possible (75% in my IP portfolio). Oil was also...

Agree. The RBA interest rate increases in late 2007 and early 2008 were made without clear idea of the impact of the sub prime crisis offshore. The additional independent increases by lenders should have alerted the RBA that the economy needed more credit and that the economy was being...