We are currently about one third of the way through this mess that began more than 12 months ago.
Still to come is another 2,000 points off the ASX, the Dow down to sub 4,000, aussie house prices are about to drop by at least 50 percent, unemployment will grow beyond 20 percent and a depression will follow.
This time next year people will be talking about the the huge losses since the China bubble blew and the world economy will resemble Hiroshima after the dropping of the bomb.
This is it folks..........the big one.
CASH IS KING!
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Peter Batten, MD
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