so what is your opinion, page-4

Bushy - it's interesting that your fugures with the drops have got progressively smaller 70%, 60%, 50%. One could argue that the world economy has changed over the last 80 years and it's to be expected that there will be more diversity and so impacts will not be quite the same as before.

If we projected the trend maybe we should be expecting soething like 40% drop - which would make the current 38% look close to bottom.

I'm not really saying this is the case - just thinking out loud - what do you reckon?