Sandminer,
- You can't say that we in Aust will not be affected, anything is possible, which is why our big banks will undergo STRESS TESTS.
- Stress Tests for the worst case scenario: crashing house prices, high unemployment, low GDP.
- Don't forget the Credit Downgrades that are sweeping the globe......these downgrades cause funding costs for the banks to rise, which is why 1,000's of jobs will be lost.
- Remember that ANYTHING IS POSSIBLE...even the worst case scenario.
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