Forget the actual problems that are on the surface. This could create the derivatives implosion of tumultuos proportions. If this isnt the start of "the greater depression" I will go he.
There are hidden triggers below the Lehman Bros debacle that has all the majors digging deep into their pockets to try and get some orderly semblance of the ensuing exits.
My tip is that the derivatives situation will exacerbate this problem by week end and we will see the worst trading week EVER experienced in the stock market.
And dont think that out pillars NAB and ANZ are immune from this. They are about to get a savage caning.
The Enronesque Maquarie ank and its subsiduries like "Jims This and That" of the investment sector is on the brink of collapse.
Mark my words "you aint seen nothing yet".
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