Thursday, August 17, 2006

Consumer hopes dive as prices weaken pay rises

THE Coalition pinned 10 years of legitimacy on the fact that low and stable interest rates made for comfortable consumers. But mortgage pressure is rising everywhere and consumers have suffered the sharpest loss of confidence in 17 years.

So this week the Coalition dumped the political strategy of reassurance for a claim that it can manage adversity better than Labor.

The housing 'boom' chickens are coming home to roost...

Consumer hopes dive as prices weaken pay rises

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