Perfect storm indeed.Once jobs go and people start defaulting...

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    Perfect storm indeed.

    Once jobs go and people start defaulting there will be a banking crisis too. All asset classes are looking risky currently with our market strength for the last year being dependent on banks + TLS + WOW. all of which will suffer in a jobs crisis.

    Only hope is china opens up that stimulus machine again and we get another smaller mining boom to curve the decline while manufacturing heats up due to lower AUD..

    other than that we could be in for a hard fall.
 
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