The Oz explanation of the Global Financial Crisis - hilarious!

• Reserve bank has decided to hold interest rates as they believe GFC is now past and the Australian Economy is on an average level.However, not for construction, manufacturing and retail - mining is holding up the fort!
• Unemployment rate is increasing (4.8% - 5.2% and estimated to go to 5.3%)
• Consumer sentiment not great
• A$1.08 - Bill Evans forecasts parity in next 6 months

Conclusion, Bill thinks that there will be another cut in interest rates in ...

The doomsayers are wrong: fundamentals for Australian property values are sound. Even in the worst-case scenario of a serious downturn in the domestic economy, there is a host of reasons that point to a soft landing for Australian real estate.

• It has held up remarkably well during a time of almost unprecedented economic uncertainty.
   
  Most of that decline has been borne by houses, off 3.9 per cent in the past 12 months with most pain concentrated in the top ...