CW,
great posts.
however i am interested in the following areas.
1. Westpac borrowed only small amounts from the fed in 08 for US exposures only?? i was unable to confirm any of that money made its way to aus.
2. employment is not soft is it?
3. banks are not constricting, in fact that are relaxing. most banks are back at 90% lvr for newbies and 97% lvr for existings
4. isnt the high Aussie dollar the real issue at the moment?
cheers
