anz has topped, page-52

Nortiba its documented as happening in the business cycle, read Schumpeter and Kondratiev. Many of the issues we face now were in their work work.

This is just indicative of the type of approach thats long been part of business cycle theory



You went to work at the start of the 60 debt expansion phase we are now transiting to liquidation phase . when you started work earning 30 dollars debt was very low, house prices were low relative to incomes. Debt has been rising ever since, yes even worse houses might drop 50% while energy bills etc go up.

Nortiba is like IM waking you from a long dream, you will deny it for a while but then reality is going to overwhelm the situation, events will convince you not me.