a warning for the leveraged up speculator, page-18

Cuppa, we aint seen nothing yet.

I can't believe how things are deteriorating so broadly across the board and at such a sharp rate.

Considering this is just the beginning of a long painful episode.

We now have bankers warning about arrears for heaven sakes as troubling (normally to get these guys to admit to bad news is like squeezing blood out of a stone) and now attacking their sorce of profits for years - negative gearing in a gesture of wiping their hands clean - it's all the government's fault.

Don't worry about the carbon tax, the housing crash alone and the recession that follows will be enough to have Labor tossed out for a generation.