It's nice to be reading English language newspapers once again,
especially in a gambling mad nation full of get rich quick schemes.
Weekend papers full of them. Hard not to be cynical
Lots of comment in the Sunday Age on the mid year state government
budget update - notably the spending on infrastructure - or rather the
amount of the shortfall that some 'independent experts' feel is
required. Worth following what any govt spends on infrastructure, where
and on what, and who the 'independent experts' are. Remember, spending
on infrastructure, forthcoming in Victoria, the regional rail links,
Mitcham-Frankston freeway, commonwealth games village - does mainly only
one thing; lift land value. So there is plenty of infrastructure to go
yet to keep the property cycle running into 2010.
Note the forecast for strengthening northerly winds and higher
temperatures for this week; expect this to peak on third date we watch
for each month - the days where extremes occur. Note the position on
the SPI or All Ords for a probable low, then change of trend.
Confirmation of a mid point of the range of the sideways move, on the
date we watch for this week is bullish and would presage a break upwards
from the current 90 day sideways move.
Note we are 20 years from Ash wednesday bushfires, 240 months.