we blew it big time

  1. 6,097 Posts.
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    If the speculators determine that we are vulnerable, then they will attack us mercilessly.

    How did we suddenly become vulnerable?

    We had one of the best economies in the world.

    Then we blew a property bubble,squandered our surpluses,priced ourselves out of the global market and just basically blew it.

    That's before we started introducing crazy new taxes.

    Our banks will be slaughtered,the $AU will be slaughtered and upward pressure on interest rates will intensify.


    Property values are too insane for words.

    To say the party is over is the understatement of the century.

    Even with the recent sell offs, many of our stocks are still horribly expensive.

    Especially if events play out as i expect over the next few months.

    Throw in an election and we have everything you could ask for.
 
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