NAB 2.07% $36.95 national australia bank limited

Sell everything and run for your lives, page-23

  1. 2,901 Posts.
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    Banks have about 60-70% mortgage book in property
    Resources boom is finished
    Miners have built enough capacity to last for a long while
    Magnetite & iron ores dust type miners looking shaky
    High unemployment mining sector WA QLD SA
    Figures for bad debts starting to float to the top
    Banks hit two sides - residential & industrial defaults
    Holding banks may be as risky as oilers or BHP
    Writedowns coming
    will RBA keep the juice flowing
 
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