Economically, as goes China, so goes Australia
Our abc is at it again, sowing the seeds of doubt
But as every red-blooded Aussie knows, residential RE doubles in price every 7 (or is it 10) years. It's a well-known fact, so well known that our entire economy relies on this fact for much of our growth.
Let Aussie RE prices fall year on year, and our stock markets will suffer a similar collapse. It is just unthinkable that our politicians would let this happen, vested interests, etc. But what if politicians can't stop the decline? What happens if their pockets are empty (reduced iron ore and coal sales/prices)? What happens if India's young decide to stay in India?
I think that's the foundation for Michael Janda's FUD article.