Originally Posted by
Icarus2001
Okay perhaps I assumed too much.
Let's go back to first principles. You do know what a recession is right?
Two quarters of negative growth in a row, six months in other words.
Any sign of that?
yep.
Have you noticed sales for everything these days, esp airfares ... $899 return to Europe & even less to USA(not Hawaii) return from BNE/SYD/MEL.
Airlines cannot fill international flight except in school holidays.
housing market
rental yields are dropping fast, as landlords can't rent their properties, so they keep lowering the rent, which makes the property worth less & less.
AUD$ - who knows where it will be in 6 months