fortuitous friday, page-23

Andy Xie, former chief economist at Morgan Stanley's Asia operations says that

"Australia facing a hard landing: Australia may suffer a financial crisis in 2013"

Usual stuff - boom to bust on the back of China, which will not introduce a 2008-type stimulus in his opinion.

http://www.marketwatch.com/story/australia-facing-a-hard-landing-andy-xie-2012-10-25?pagenumber=1

If his timing is correct then this outcome would be very helpful for the mad monk from Sydney's north shore.

loki