November 27 2007 - Cloudy Outlook for New Australian Government

The Australian Associated Press reported that maybe the incoming Australian Government may have to face some tough challenges. Inflation is looking towards the upside which could indicate an end to the commodity boom. There have been 10 interest rate hikes by the conservative coalition and it is not working.

The fall out of the sub prime loans has not been brought under control and it is expected that there is more to be revealed. People are now predicting that the US economy will go into recession.

China is overheating, The Shanghai Composite is volatile and property prices are booming. So will both China and the US stumble at the same time?

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