28.02.2011 - RBA member warns of commodity bubble

From Abc.net.au: Reserve Bank board member Professor Warwick McKibbin has warned of a potentially devastating bubble in global commodity prices and property prices in Asia. Professor McKibbin, who is also director of the research school of economics at the Australian National University, says if there is a big downturn in Asia Australia could be hit harder because of Australia's reliance on resource revenue..............................................Full Article: Source

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