PE> 1) inflation is low so people don't have much to gain by 
PE> negative gearing, so the country is stopping being a country 
PE> of borrowers.

 RS> The advantages of negative gearing has very little to do 
 RS> with inflation.

Yes it does, you don't have to pay capital gains tax on the inflation
portion.  Yet when you own an asset (such as money in the bank), you get
taxed on the whole profit, not just the non-inflationary portion.  

PE> 2) banks are stopping lending out money freely

 RS> Thats only true of commercial lending, they have not 
 RS> actually stopped, just redirected it to housing finance.

Secure investments, that's what I meant by not 'freely'.

PE> 3) no more hype and dickheads buying shares

 RS> Which explains why the stockmarket hasnt boomed, NOT |-)

You don't see ordinary people discussing shares anymore.
Paul

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