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Strategies & Market Trends : The Residential Real Estate Crash Index
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To: Elroy Jetson who wrote (28138)3/14/2005 3:05:23 AM
From: Amy JRead Replies (2) of 306849
 
RE: "The ARB will not permit the sort of real estate and credit bubble that the Fed has created here in America. Its great to have someplace in the world where the central bank doesn't believe their role is to create as much credit as the market demands - without regard to supply."

I love what Australia is doing. What type of economic model are they following? Sounds much more prudent than ours.

The one criticism I would have of Australia (but it's hard to find anything to criticize), if my memory is correct, was the current account deficit- they bought a few billion extra imports or sold a few bill less exports, resulting in a small negative. I feel Australia is a case of how even a perfect economic team still has struggles to deal with in the global world - specifically, how does an economic team encourage their citizens to buy less products from overseas?

Regards,
Amy J
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