yes I know that, my question was are you predicting a collapse???
Linear or not, im not forseeing a collapse but a complete stagnation for years
Collapse? no idea, maybe, maybe not. Not much in the economy is giving me confidence, one out of control price bubble in Sydney and you'd be forgiven for thinking Australia has found an elixir.
A bubble has developed because of pure asset speculation, not economic fundamentals. Pimco issued this exact warning... when your lenders get nervous you should be nervous. I just think a price boom that isn't supported by any sort of economics is bound to end in tears. just my experience of bubbles, maybe I am old and bitter. If you want to call the bubble a healthy growth spurt then you may be more comfortable.
http://www.pimco.com/EN/Insights/Pa...ustralia-and-the-Implications-for-Policy.aspx
and
http://www.smh.com.au/business/the-...stralian-household-debt-pimco-20150617-ghp502
Most times when a body such as this state an opinion ,forum members shoot them down and call them idiots so perhaps that is the case, all these groups are idiots!