I’m not sure we did the right thing by floating our currency. What we did was lose control over our economy in the process This is a great wsj piece that presents the case against floating currencies SB10001424052748703493504576007962677071424.

We were better off with interest rates at @ 17% (the Keating era) than we are at interest rates at current rates (1/3rd what they were). Ultimately house prices can only be plotted against an affordability index.

I don’t speak for my company or for investment banking however Chinese or overseas investment cannot be given the free reign it has been in the past.

What is cheap is not valuable and that is the problem with money today.

It is too cheap and is therefore not valuable.

With housing well out of the reach of the people we are playing with both fire and the social injunction it brings with it.

If we are not careful, we will soon find ourselves trussed the way French aristocrats were, and making our way to an unholy end if we continue to view wealth the way we do.

Wealth must be shared or we risk social upheaval, anarchy, unrest and a bloody end to our dreams - convoluted as they are. Dsouz.