Search results

Given that the temperatures in Manchester (where I currently live) hit -18 last week, it's very tempting. :) I'd agree (again :)) that a lot of the points I raised should be resolved during the recovery. But I expect it to be a fairly slow and fragile process, particularly if individuals are...

Keith, the trouble that I have with the recovery is that a lot of the problems that caused the GFC are still out there. Off the top of my head: Interest rates at record lows. (OK, this is necessary in the short term.) A bonus culture in the financial sector that encourages excessive risk...

I'd agree that governments won't sit on their hands in a crisis (though here in the UK they're putting off all the nasty public sector cuts until after the election), but I'd expect any stimulus package to take time to work through. Australia didn't go into recession at all. I'd also agree...

I wasn't clear in my previous post. When I said many markets I meant to say that prices fell in many national markets. As I said, I still think that the most interesting question is why Australia escaped. One opinion is that a well timed package of stimuli (the boost, low interest rates...

The original question was rhetorical, and that it would be more interesting to ask: Why were the property faithful right and the doomsayers wrong? Will prices continue their upwards trajectory? My best guess is that the economy over the last decade has been driven by cheap money, and...