Bubble-bubble prediction wide of the mark - 2004-03-28
"AMERICA'S ugly sister" was the headline on an article about Australia's economy in a highly respected international business magazine last week.

The article claimed our economy was looking like America's in 2000 before the bubble burst.
Read the full story at Townsville Bulletin

Australian Building Approvals Probably Fell 3.8% - 2004-03-28
Australian building approvals probably decreased in February for a fifth straight month after the central bank hiked interest rates to a three-year high.

``Higher interest rates and the threat of more to come at the time have fed into the decline'' in building approvals in February, said Besa Deda, an economist at Commonwealth Bank of Australia, the nation's largest mortgage lender. ``Lower levels of building approvals implies a shrinking contribution to economic growth from housing.''
Read the full story at Bloomberg.com