buy recommendation, page-14

It appears Linc Energy is also suffering on the back of world insecurity and Qld Government indecisiveness and obvious and blatant lack of support for UCG, with their sp down from around $3.50 back in June to a low of $1.05 today.

It appears the subprime mortgage/GFC of 2008 has never really left and has only continued to smoulder in some economies and whipping up again like a one hell of a bushfire engulfing many other economies and potentially plunging already frail and crippled ones further into the depths of despai and my gut tells me the ones that got off relatively unscathed the first time round may not be quite as lucky this time, I feel.

This problem in Europe is but one reason for Australia's revised forecast for much lower economic growth than first predicted and the deficit has blown out, as it sits the deficit is approximately $11 billion.

The July figures show debit cards were used a record 204 million times, which is up 18.9 per cent on the year before.

Debit cards are linked to bank accounts and allow people to spend their own money – rather than build up a credit card debt.

I'd say from this sort of data etc... Australia/Australian's could be setting themselves up for some very tough times should things not be contained over in Europe because as I said in another post the world economies act almost synergistically.

Asia isn't as healthy as some might like to have you think either, and has the signs of economic turmoil, need I go on any more.

All I can stress is to you all be very careful with what you do and spend your money on.

Its real and it's happening right now, don't be fooled into thinking the DERM is the only reason our sp is where it is because it's just a small part of what is going on with the sp, one only has to take a look at almost any chart over the last 6-7months or the last few years for that matter to see the world economies are far from healthy.

Cheers