here it goes again., page-8

its evident that another pending recession in the u.s. is hitting the asx and your msb's hard. trillion dollar debt, slump in house prices, stagnant credit market, rising foreclosures again, high unmployment, decline in manufacturing and drop in consumer sentiment is going to take a long long time to reverse. Aust is in good shape compared with that, making it difficult to accept that our wealth creation has to also suffer. However, the healthcare sector in the u.s and here remain strong. if msb can proove itself over the next 6 months it should provide for steady capital growth as this sector isnt as vulnerable to declines in economic condition as other sectors.