morgan stanley analyst bearish on housing mark, page-29

as for the 20% skilled...

here is my spin on it..


The other 90% (minimum) rock up at the service station cant afford fuel. Go to the supermarket, cant buy food. Dont all live an easy life bit of boose few smokes. Where is all the money...Easy dough for high flying tradies once in a blu moon dalek.Doesnt exist, wait for resource slowdown, blinkers people.

Your logic is off. The mother of all crashes is on the doorstep. The doorbell has chimed, who will answer first?

is it something like hugo first