Has Australia's luck just run out?

Tim Farrelly | farrelly's Investment Strategy | 14 September 2012

A growing chorus of (largely offshore) commentators has Australia falling into a pronounced slump. The story has a number of different interwoven themes with different commentators giving different emphases – but essentially, it goes a little like this: Australia is in a housing bubble like the ones seen in the US, Ireland and Spain; when the bubble bursts, it will cause a collapse of the banking system or, if not, a crisis of...