what if we had a recession and no-one came, page-41

the dow fell 90% the asx 52% in the great depression of 29

from 6700 we have fallen to 3400 or 49%


gerard minacke reckons we will fall another 10%

to 3000 by the end of the year

most analyst forecasts are up from here

Murdoch says the recession is "late" here

but could that be the case?

Or could we could just fall a less than the others?

we have a better system that most other countries

eg none of our banks have gone broke and are not likely too