September 2004: update to subscribers

Reported several weeks ago from the ABS:

"Credit continues to expand at a brisk pace, growing 1 per cent in June to be up 15.5 per cent in the year."

Markets know it; no downturn is possible when this is going on. The real estate cycle really is linked to credit creation and land price. And credit is expanding presently. When credit expands, land price goes up. Same in the US.

Print This Page

Home ----- Contact Us