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Caution is the word for economic forecast

Discussion in 'Off Topic' started by MichaelWhyte, 7th Nov, 2005.

  1. MichaelWhyte

    MichaelWhyte Well-Known Member

    Joined:
    5th Oct, 2005
    Posts:
    798
    Location:
    Sydney, NSW
    Guys,

    Interesting article looking forward from a US perspective. Nice general read indicating the market is softening over there which is no real suprise. Property has gone a bit bubble and could pose a risk to their economy. Here's the full article:

    http://www.beloitdailynews.com/articles/2005/11/05/news/110505news03.txt

    Was reading along, going "yeah, yeah, got it, know that" then got to this nice little snippit at the very end:

    Now that's gotta put a smile on your dial if your leveraged into the ASX at the moment doesn't it! :D

    Cheers,
    Michael.
     
  2. pudsa

    pudsa Well-Known Member

    Joined:
    19th Oct, 2005
    Posts:
    55
    Economic Forecasts

    Thanks for that Michael. Always nice to see what the 'guns' out there are thinking. Appreciate your thought's (or anyone else's for that matter) but a slowdown in the US economy could be expected to flow through to Oz. Concensus used to be that the Oz economy lagged the US by a 1.5 to 2 years is that still applicable or has the 'global economy' changed all that old stuff.

    Given the thoughts in the article what are your thoughts on Oz RE. Softening over the next 24 or so months or possibly going backwards?

    In sum, am fishing for thoughts/ideas on what the future MAY hold given the future is a funny old thing!

    Cheers :confused: