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Not any growth above the official rate of inflation (at least based on the data they were using).

Unlikely the growth takes into account wages (assume it's just indexed to the CPI figure). Since 1972 the CPI inflation index rose a multiple of almost 9x, whereas wages increased by around 19x. So you do raise a valid point. I am just saying that we might need to wait longer for a...

If you average anything over the long term from the peak of a bubble you can probably make it look like sustainable growth at those rates is possible :D

... that is unless we are looking at the potential for a 1 in 100 year event such is the case John Edwards of Residex has suggested. If that was the case buying doom and gloom could still just be the start of the downturn we are to see. We are in uncharted territory in more ways than 1. Given...