We are very heavily leveraged to the global growth story, so considering we are heading into a significant global slow down it's no wonder our currency is going to the schizer.
Households here have just as much debt as the US/UK etc and our asset values are even more over extended, so in the face of a significant slowdown i dont think you should assume our fundamentals are any better than there's
Sad but true!!
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We are very heavily leveraged to the global growth story, so...
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