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Strategies & Market Trends : The Residential Real Estate Crash Index -- Ignore unavailable to you. Want to Upgrade?

To: GraceZ who wrote (30261)	4/27/2005 11:44:56 PM
From: Moominoid	Read Replies (1) \| Respond to of 306849

The rising Aussie exchange rate is a damper on inflation. They hardly want to put interest rates up further and encourage more appreciation. The NZ Dollar has risen relative to the Aussie.

To: GraceZ who wrote (30261)	4/28/2005 12:58:39 AM
From: Elroy Jetson	Read Replies (2) \| Respond to of 306849

Publicly the Australian Reserve Bank has said they would like to prevent Australians from developing the debt habit, so common in the US and the UK. To achieve this they have: a.) issued frequent public warnings about the dangers of debt; b.) maintained policies which make carrying debt on credit cards more expensive and less pleasant; c.) promised to raise rates and restrict money until the real estate bubble is finished. Judging from Jeremy Grantham's charts comparing the US to Sydney, which was the epicenter of the property bubble, they're doing a really great job. home.pacbell.net Quite a contrast to our Federal Reserve which disingenuously claim they need to facilitate the creation of as much credit as the market desires, regardless of supply. Even more dishonest, they claim there is an excess of savings because they have created so much credit that it is difficult to profitably invest money. Classic Monetarist lies. .