This means the Australian economy is heading for a very sharp slowdown next year, which might seem a big call with unemployment at a 33 year low of 4.1 per cent . . . .

» Something’s about to snap (Alan Kohler) - Business Spectator, 14th February 2008.

The Age asks Steve Keen about house prices :

It has to fall at least as far as the US market will, and probably a lot more. Some conservative pundits think US prices need to fall another 25 per cent to restore pre-bubble valuations, and they’ve already fallen 8%. That means a 33% decline from a peak that’s 30% lower than ours.

» End of the boom? The Age - 9th February 2008.