keldunknock on effects take time. all our money is tied up over...

keldun

knock on effects take time. all our money is tied up over seas, for example, we have more debt with banks than banks have money, as such they borrow from over seas. so what happens there effects us in the end of the day as it effects our banks and we wear the new costs in interest rates as you seeing.. and theres 3 more years of money to be lost yet.

look at RHG price graph, it floated just as subprime news came out.

look at CNP, again caused by subprime in the US

companies will get hit by it this year, interest rates will go up as a result, and this will I hope be the catalyst to pop our over inflated market in australia next year or end of this year.

Anyone smart would avoid property and stocks carrying large debt (eg look at CNP) and stocks who's customers can be effected by subprime..


I'm focusing on oil stocks now, not effected by all this, and also I heard a rumor even General Motors now admit our oil has run out on what we can produce in one day and now in decline which is good news to the oil stocks..