facing reality in anz, page-4

by all means lets be optimistic about fixing, but optimism thats invoked to deny the scale of the problem is misplaced, thats not optimism its denial, recognizing whats wrong with the system and the failed theories of the folks that we managing the system is pessimism it taking action to correct the imbalances and mistakes

trading on a hope and prayer that the trains going to miss us is ridiculous, we are 22m people that sell big countries resources to build things and eat

our debt to income ratio is a historical highs

our house prices are by many measure the most over priced in the world

yet folks contrive to deny whats becoming undeniable

Pretending ANZ has some blessed path through the valley of death is simply silly

You folk dont have to believe me just wait it will unfold before your eyes int he coming months

So folks better get prepared micro economically to preserve what they have

this means low risk trading and low risk profile stocks

ANZ have high risk written all over everything they do

traders who figure this out early will do better than the dreamers that dont