Hey Oze I hope not but australia is very leveraged to china and I believe we' ll get a double whack with the coming gfc mark2 .,.. I saw what happened in ireland banks dropped 95%..... imagine CBA at $1.50!!! normally realestate goes up with stock market downturn but this time the opposite in the Sydney market as the Chinese pullout and RBA will have to raise interest rates to stabilise our US$ denominated foreign debt
Imagine you have to be 40 odd years of age to remember the last recession... this one will be far worse
