Relevant:
- Shades of 2006: That's What Australia Housing Bubble Looks Like From US Perspective
- Pool of Greater Housing Fools in Australia Finally Runs Out; OZ Dollar, Where to From Here?
- Australia in Recession; Spending Slide Spreads from Housing to Service Sector; Australia's Double Whammy; US Dollar Safe Haven?
- Laugh of the Day: "No Risk of Housing Bust" says Australia Central Banker
- Australia Sets Rates Secretly as Reserve Bank Eschews Transparent Policy
2008-08-12 — blogspot.com
``It appears Australia is now in the same Peak Credit game as the US and UK. 40% housing declines are just around the corner. And with that in mind, it's no wonder that caramel flavoured lattes are out (see Starbucks closes 61 stores in Australia) for proof. Indeed, evidence is stacking up that The Future Is Frugality, even down under.''
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