“From Financial Crisis to Financial Confidence”

“Australia to Escape Recession”

Very amusing. The very people that completely missed the impending global crisis are the same people that are saying we are all back to great times. Yes. You know who you are.

Well done. Glad you all comfort yourselves and talk yourselves into a frenzy.

Just remember that whatever you think, there is a reality that you failed to see coming and why should we believe you when you claim that after 5 minutes of pain its all over? Dont you perhaps for one second believe that there is something in the way of process that will play out to remind us all that the past 15 years of unhindered deregulation has created a bubble and to even suggest that its all over borders on stupidity?

The very last thing that will appreciate in price is global high end property which has already been over-valued for many years. Where, exactly, is the money coming from that will allow people to buy over-valued property, in a de-leveraging environment, in a declining labour market, in an environment where the rules are being re-written with respect to financial markets regulation, where we will see jobs disappear never to come back, where credit has now effectively stopped in the mainstream market.

Tell me where I am wrong?

I read with interest your regular commentary.

It is good material

Regards

Brian