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A world away
Hmmmm, so whilst the good ol' US of A is loosening monetary policy to stimulate the economy, in the Land Down-under we are tightening monetary policy to stop inflation.
In the good ol' US of A housing prices are falling because supply exceeds demand (thanks to "sub-prime" mortgages), in the Land Down-under we are facing housing price increases so large our grand kids will still be paying them off because of excess demand over supply.
Are we in the same universe or have I missed something?
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