[nirimda]

A slight downward spiral is a sight to behold. How can you even identify one? In fact, in the past 10 years, Australia has decreased 5 times, increased 4 times and remained steady once. Almost all of the net decrease occurred in one year. It's not great that there's been a net decrease, but it's hard to call it any kind of downward spiral, unless you deliberately define a "slight downward spiral" in such a way that you can mislead your audience.

[jruohonen]

I am not trying to mislead. What index are you specifically looking at? The composite ones are not the best for various of reasons. I see declines at various individual indices after around 2015 or so.