Bill Evans – The early years

To read the original version of this comment in the original context at Macrobusiness.com.au click this link. (link may be locked – but there is a free trial available)

I think we all need a bex and a good lie down.

Anyone would think that last year the RBA had cranked rates like a Dutchman pumping water over a dyke after a big storm.

They are only 4.75%!

Sure retail at the moment is not justifying the credit boom valuations of private equity shiny suits but employment is still below 5%.

5 – 5.5% would be more firmly in the Neutral Zone but as everyone seems to be getting freaked out by an impending attack of repo Romulans, leaving them at 4.75% for an extended period is now probably reasonable.

The property market melting at 4.75% accompanied by air raid sirens and four real estate agents on black shetland ponies is probably the best confirmation of just what a cracking investment real estate has been for the last 5 years.

Ave a good one!

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s