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Australia: Economist tips housing bubble is in for trouble

Posted on 18 August 2010

From Smh.com.au: The RBA is still backing it, but Morgan Stanley chief economist Gerard Minack has lost faith in the fundamentals of Australia’s housing market.
Morgan Stanley’s Gerard Minack has diversified from being bearish about US equities into calling Australian housing a dud investment, a bubble, albeit one that just might steadily deflate rather than dramatically pop……………………………………….Full Article: Source


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