another subprime victim, page-55

Tilerman said,

''She said that most were ringing to switch their investments into cash. Lots and lots of them.''

They take weeks under normal circumstances to act on these instructions, perhaps months now that they're really under the pump and many will leave their super in cash for years after the change.
This massive undercurrent of change will pull the market's down globally over the next few months but wont begin to be felt for some weeks yet, that's how slow they are.
It also means a large % of super will be going into those cash funds instead of the stock markets as it has been.

Then throw in global warming, fossil fuel depletion, food crisis and this could be the beginning of the end for a world economy cycle driven by the constant expansion of consumption?