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Be Prepared for a Recession In Australia

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Introduction

US is going to raise interest rate in " coming month ", but China, Europe and Japan economy are slowing. My view is that in the next 6 to 12 month market will be more volatile, and cracks may came out either Europe or China.

There are no cheer in Australia economy, specially after decade long mining boom. For Australia, need a big breath and to adjust in economy framework, tax system and social security system. I think need to be prepared for a recession or asset price adjustment for at least next 3-5 years. House price would be a big thing to watch. I would like to recommend the buyers or investor to have extra caution to your assets in Housing.

This is only my personal view, please do your own research.

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