Sector, you should check out the recent increase in RMBS issues from the drop off following the GFC and this has been in an environment where we have the lowest interest rates in recorded history. As i said there is allot of capital chasing yields at the moment. This notion that Australian banks are better run and monitored and the optimism arising from this notion could lead to some pain going forward.
Why did you think C Joye'st changed/switched views all of a sudden..remember that he and yellow brick road are in a good position to see this, you'd think he be one of the first to be able to see it too.
