Aris Dendrinos Market Update 11/08/2016
I read a very interesting article about China and its economy last week.
It was written by Ross Gittins, my personal favourite journalist to read over the past 30 years (I'm showing my age again).
I was first referred to him by my Economics teacher way-way back in Year 11 at High School and have been reading his articles ever since.
There are two things I love about his writing. The first is how he made a 16-year-old grappling with all the detailed technical jargon understand it all in enjoyable, easy to read layman's terms. The second is that he is about as objective and balanced as you can get - well I think so anyway. I never felt he was even mildly biased towards or against a particular side of the political spectrum.
The current article he wrote was titled, "China thinks big while Australia waits for luck to strike." If you want to read it simply click here.
In a nutshell, he compares the collective will of China towards progress and advancement on a mass scale to the conservative and risk averse caution we seem to have in Australia.
The two areas he touches on that were the most interesting were infrastructure and innovation. We really are being left in the shade when you read some of the things going on over there.
I know the Chinese economy is a very different beast to ours when it comes to capital reserves and they aren't perfect in other areas of society such as pollution, human rights and free speech. However, we could still learn a lot from them when it comes to how to improve our way of life in such a busy and beautiful city as Sydney.
With Spring barely three weeks away and the fabled flood of listings it supposedly brings looking more like a steady trickle, make sure you get out there this weekend and look at all the properties that may suit your criteria.
That's it from me. Have a great weekend and I'll see you next Thursday.