http://www.news.com.au/business/story/0,27753,26042511-31037,00.html
"The actual increase in the commodities prices is mainly driven by appetite for more risk," he added.
This appetite could also be "reversed at short notice, depending on the pace of recovery and financial market sentiment".
Chief economist Heiner Flassbeck said the markets had been fuelled by financial speculation that in turn was driven by expectations of recovery.
If it has got into media - this only means that sharemarket crash (the real one) is now overdue. Current sucker's rally can run for some time, but the higher it runs, the more spectacular fall will be.
This means:
a. Interest rates going down. There is absolutely no reason why we can afford highest in the world interest rates.
b. Massive deinvestment from the share market
c. Massive deinvestment from cash
Massive shortage of properties in Australia with no new supply in sight due to flagging construction, shortage of land in capitals, strongest economy in the developed world leaves Australian property as the only asset in the world worth investing into.
"The actual increase in the commodities prices is mainly driven by appetite for more risk," he added.
This appetite could also be "reversed at short notice, depending on the pace of recovery and financial market sentiment".
Chief economist Heiner Flassbeck said the markets had been fuelled by financial speculation that in turn was driven by expectations of recovery.
If it has got into media - this only means that sharemarket crash (the real one) is now overdue. Current sucker's rally can run for some time, but the higher it runs, the more spectacular fall will be.
This means:
a. Interest rates going down. There is absolutely no reason why we can afford highest in the world interest rates.
b. Massive deinvestment from the share market
c. Massive deinvestment from cash
Massive shortage of properties in Australia with no new supply in sight due to flagging construction, shortage of land in capitals, strongest economy in the developed world leaves Australian property as the only asset in the world worth investing into.