Keep an eye on iron ore prices. - They have been falling.
Govt bailouts of the bogans in Aus will be limited by 1. increased debt levels from the last bailout 2. reduced tax receipts 3. increased need to support our banks as funding costs rise 4. increased social welfare payments as people lose their jobs
This is the problem with credit bubbles. -When they burst the downward spiral is self reinforcing.
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Keep an eye on iron ore prices. - They have been falling. Govt...
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