its looking damned awful for the next 12 months....expect a drop back to 3% by August/Sept (history repeating only 3 times worse than 08).....after the disastrous June 30 reporting takes hold..... the retailers will have worse reporting figures than the mild Mar 2010 just reported... households are not spending with 6 months interest rate hikes month after month...they have their backs against the wall now....
if you thought it could not happen to Greece, lets see what Spain, Portugal, Italy come out with... the elephant in the room is China....will they pull all their money out of the US....in order to help bail out Europe.....and are they happy to pay another 40% tax on the little aussies resources..... I dont think so.... I think the only green shoots our incompetent govnut saw...was the hooch / weed they must have been overdosing on...
