I'll return to a different aspect of the topic. EU banking is not out of hot water. For example non-performing loans for some key Italian banks increased by 9%
over the last 12 months and bad debts by 17%. These are big numbers.
http://bruegel.org/2017/03/italian-banks-not-quiet-on-the-eastern-front/ .
The global environment is very risky bur the global risk level
magnifies within small indebted trading economies (such as ours) and yet fund managers happily just hug the ASX 200. For the moment we are praying that another round of QE will happen and that it will work but will it happen and will it work? I don't know ...... but are you betting betting
all of your super nest egg on it/and of the Sydney RE bubble?
In the event of a severe market correction or collapse a strong recovery can certainly be anticipated
at some point in time. 5 years, 10 years 15 years? I don't know .... except to say that some won't live long enough to see it while the younger age brackets may (in the event of prolonged stagflation) have to start from scratch again. Unlike some financial product sales people I don't have a crystal ball that is good enough to gloss over such uncertainties.
cheers
cheers
