This kool aid, invented by the Japs but perfected by the Feds so...

This kool aid, invented by the Japs but perfected by the Feds so successfully is a precedence that revolutionary tools DOES work. My mind says VJO short but the heart knows every guru on panels have been trimming their positions in XJO so I take this as short covering until it is not. Unfortunately the gut says a lot more juice in this cheap money local stimulus!

Our property market/economy is out of cycle! Just when the economy should be recovering along the US cycle including properties, we front ran the recovery ahead of the US with RBA busy since 2015 using "soft" tools such as macro prudential regulations to control bank credit expansions because they don't want to unravel a booming Syd/Mel. Currently if US continue to improve, bond yields is the leading indicator of growth of which the big 4 refer to instead of guidance from RBA, IR will rise independently as you have seen recently by all big 4. Stealth rises by a few tens of basis points.

Look around you in Suby and CBD and those "For sale or Lease" are still in your face present. I would argue they are more now! XAUAUD will continue to power on as our currency unravels.