Ann: Becoming a substantial holder - Tiga Trading Pty Ltd, page-40

Spaniard totally agree with your analysis..Times ahead will hard if not very difficult. Governments may pump but by the time the money gets there into the system from their delayed decision process and by the time it's spent from the pockets of a fearful consumer ..so much damage will be well underway...capital destruction well underway and enormous delay in a multitude of investment projects.
It is doubtful just how much damage will be done in the property sector but perhaps we can conclude that the already slowing cycle will hardly be improved and this of course hits all sectors in construction from brick making to wooden polished floors and external businesses like carpets,white goods and furniture...not a nice contraction ahead..Seems the only beneficiaries will be debt collectors and toilet roll manufactures.I hate to even think of the unemployment levels ahead ..indeed although I am trying to avoid excessive pessimism ..many leading analyst are now telling us we may be faced with the first depression since the 1930's ..Roubini's interview is worth a look and I consider him to be the more rational of Economists.
All the best to All.