Graham,
Everyone will continue to eat, and the vast majority of people will continue to be employed and drive cars, etc.
We are the ignorant ones. Our banks are also highly leveraged. It is just a matter of time before we wake up and realise our banks are not as safe as Rudd is leading us to believe. Residential and commerical property prices will continue to drop, companies will become insolvent. Think about the consequences if the rumours about MQG becoming insolvent are actually true?
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