"Was meaning 7 year ago, coming up next month. Nov 1st (old peak)
5222 was initial fall out from GFC, then it went even lower to March 2009 as your graph clearly shows.."
Thanks s/l I think I've got the gist of what u are saying .
But would u prefer the USA take on things ? crashed house prices and now a stockmarket in fairy land ?
Credit to the USA fed as they had no option but to bail out the big banks and many companies like General motors . If they hadn't it would of been a depression similar to the 1930's era .
Versus dear old Aussie Govt where everyone or near everyone got a flat panel tv and insulation in their roof . The trouble is we now have to pay for those bungles . Sell medibank ,rail roads etc and get others to build our roads and then charge more for freakin tollways .
Thanks for the reminder of the Nov 07 date as I forgot and just double checked .
