http://globaleconomicanalysis.blogspot.com/2011/08/eighty-five-australian-building-and.html
The implosion in Australian housing is now in full swing as Eighty-five building and construction firms go under in a month.
Uncertainty? What Uncertainty?
Peter Jones at Master Builders Australia is blaming "uncertainty". The irony is that it would make far more sense to blame "certainty".
It is quite certain that Australia's housing bubble is now in crash mode. It is equally certain there is not a damn thing the Reserve Bank of Australia or any of the home builders can do about it.
The implosion in Australian housing is now in full swing as Eighty-five building and construction firms go under in a month.
Uncertainty? What Uncertainty?
Peter Jones at Master Builders Australia is blaming "uncertainty". The irony is that it would make far more sense to blame "certainty".
It is quite certain that Australia's housing bubble is now in crash mode. It is equally certain there is not a damn thing the Reserve Bank of Australia or any of the home builders can do about it.
No comments:
Post a Comment