macquarie bank expects record half year result, page-12

I have some idea, what has cutting interest rates in the US got to do with banks in Australia, when I last looked we were raising rates, our banking sector has peaked and will soon suffer a bear market, I am staying short.

the US economy is in major trouble and the only reason it has not yet collapsed is money that has been used from the banks to keep it propped up, this can only work for so long, it is simply post phoning the inevitable collapse and we will follow in Australia, the banking sector will be hit the hardest, why do you think out banks have stocked up on cash reserves.