Always sunny weather before a storm. I dont want to spout doom and gloom. I just read an article by a billionaire in australia who believes the property market in australia will collapse, on the wave of even lower interest rates. Who would have thought. Its like the low interest rate tool has started to implode in on itself. Its just a tax on those that saved all their lives and giving it to those that are borrowets and spenders. The economic climate, interest rates and stock prices just does not make me too enthusiastic at the moment. But what else can I do, Its probably going to get worse, lower interest rates and higher stock prices. My propensity theory does not seem to be working. ie. If stock prices are high, the propensity is to go down, interest rates are at all time low, the propensity is for them to go up. I fear there is too much interference frim government.
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