I may be called crazy for this but Aussie banking is the one sector I am currently staying away from.
Property prices in aus declined this year, if job losses start happening, defaults start, house prices drop, more defaults.. spirals quickly.
Then again, Ive been out of aussie banking since 2009 thinking this was happening when I saw the 'top' of prices there.. but alas hasnt happened yet. May never happen. All i know is if Australian Property market is a bubble, banks will fall...
