Wednesday, July 30, 2008

It is now clear that the Antipodes are tipping into a serious downturn. Australia’s NAB business confidence index fell to its lowest level in seventeen years in June. New Zealand’s central bank began to cut interest rates last week on fears that the econo

Australia faces worse crisis than America

The world's financial storm has swept through Australia and New Zealand this week amid mounting signs of contagion across the Pacific region. . Housing starts slumped 20pc in June to the lowest since 1986. Both the Australian and New Zealand dollars have fallen hard in recent days and now appear to be breaking down through key technical support against major currencies, including the US dollar. "The Aussie is going down, big time," said Mr Redeker.

Posted by big chris @ 12:06 AM (645 views)
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4 thoughts on “It is now clear that the Antipodes are tipping into a serious downturn. Australia’s NAB business confidence index fell to its lowest level in seventeen years in June. New Zealand’s central bank began to cut interest rates last week on fears that the econo

  • sold 2 rent 1 says:

    Power is being transferred from the West to the East just as Calleman’s 5th night destruction evolution model predicted.

    The good news is that this rebalancing of East and West will be the key to global enlightenment and co-creation

    Just as the human brain works better when the left brain and right brain are in balance, so to will the Earth.

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  • S2R1, so when does the 5th night end? What do you know of this “Kondratiev wave”?

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  • sold 2 rent 1 says:

    Stevie Dee,

    “What do you know of this “Kondratiev wave”?”

    The most significant part about the K-wave is that is has no mention in the mainstream press.
    The guy who predicted the Great Depression in 1926 doesn’t get a look-in in Bernanke’s “official version”

    As for the 5th night, it ends November 13th
    Oil prices will be falling and easing CPI and allowing IRs to fall.

    Exactly when the mass awakening reaches critical mass, I don’t know.
    I had previously thought this summer, but it looks like a gradual process over the next 2 years

    Kondratieff wave
    http://www.kwaves.com/kond_overview.htm
    http://theroxylandr.wordpress.com/investing/kondratieff/

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  • “The most significant part about the K-wave is that is has no mention in the mainstream press”

    I agree S2R1, interesting guy, and died so young. Birthday 2 days before Greenspan’s.

    http://en.wikipedia.org/wiki/Nikolai_Kondratiev
    http://en.wikipedia.org/wiki/Kondratiev_wave

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