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Just in from the ABC morning news.
Australian home approvals are falling marking the end of the home building boom.
I see the banks had this info before the market as they have lowered their fixed rate loans to 5% and 4.8% approx. in an attempt to stimulate the building industry. My previous prediction seems wrong in hindsight.
What will the RBA do with this news?? Will they force us further down the deflation and destruction road?
Aussie dollar down to 92.6 this morning, is it due to our banks being very overweight in the Australian Mortgage market.
Is this the beginning of the Aussie housing market bubble popping?
Will our banks survive this bubble popping given they have 80% of their business in Aust mortgages?
Will the DOW collapse this time??
Will Russia Nuke the Ukraine?
What happens when Israel is attacked from another side this time will they Nuke the attacking force because all their military and reserves are now fighting in the GAZA.
What does this mean for GOLD.
AAAAAAHHHHHHHHHHHHHHHH
I cant take it any more, Im going back to bed and pull up the blankets and hide till its all over.
