These are very, very interesting observations,,.. just what poor old hacks like me need to hear when trying to deal with these issues at the coal-face where stress is increasing daily,,, what I mean is, I have been asking for comments on possible outcomes from you "informed"ones & you have delivered......
I never wished for a severe hit on this ponzi-bubble, but that sounds like what we will, likely, get & could now be sooner than later-
Extremely insightfull & thought-provoking... Please keep this thread going as it enters the carnage stage, I do agree that Aus banks,partic CBA look like holding a cash-vacant balance sheet just at the wrong time! Sound familiar ! ...Later...
