colinrealestate

The group of eight leaders in the United States over the past week have not produced anything positive in relation to the European debt crisis.

The debate persists. Greece continues to spend other people’s money with no commitment to repayment. The continued inability of austerity measures being implemented will only prolong the inevitable within Greece’s economy with dramatic effects on the Euro and its stability.

Australia is facing declining growth and falling commodity prices which may lead to a cut in the Reserve Bank Australia’s interest rates to stimulate the economy. Most surveys of the US economy show a gradual economic growth scenario.

Western economies will continue to be challenged with high government debt ratio and high house hold debt for many more years and we will see periodic financial crisis which will hit business confidence and interest rate volatility, however this is the world we now live in.

Filed under: REAL ESTATE | Tagged: Real Estate