One tries to keep one’s head in these circumstances but not if you’re Gotti who sermonises from behind the pay wall today that doom is at hand:
Between 2015 and 2017 Australia is going to be hit with three unprecedented tsunamis. The three huge storms will fundamentally change the nation and affect middle class salaries over a wide area, the share market (particularly banks and retailers), plus dwelling prices in many places. These are just a few vulnerable points.
Clearly this will be an unfolding situation. Today all media outlets are full of just one tsunami – in the motor industry. If anything they have understated its devastation because it will happen around the same time as the vast gas, coal and iron ore construction projects are wound down.
As they do, they will be hit not only by the motor tsunami but a third tsunami which will rival the first two – in retail. The first two tsunamis were always going to hit retail but by imposing crazy shift allowances, the swing to online trading is going to accelerate.
…The main offsetting factor will be the massive Chinese investment in Sydney and Melbourne real estate development.
The main offsetting factor will not be Sydney and Melbourne property, which are in wailing bubbles. It will be the Australian dollar.
