Chinese investment is an interesting one. If we continue to live beyond our means we need to continue selling off pieces of the farm, problem is in a few decades we won't own the farm, we'll just be working on it for the new owners. We do need Chinese investment I think but it shouldn't be cart blanche.
As for US defaulting on its debt, you didn't put it in context which that it was highly likely but we should be ready for that contingency. The US is in awful shape. Perhaps shadow ministers shouldn't talk of such things and pretend everything is rosy.
I don't understand what divestiture would mean, suffice to say the big 4 have treated the government and customers with contempt during the GFC. Look at how Westpac behaved last week passing on almost double the rate hike. That never happened under Costello.
