just wondering how bad the future looks, after paying 18% interest rates on home loans in the 1970's, and only 6.5 now, well things are looking quite stunning
then we have china and india becoming westernised, and china has to do it before 2008, so they cannot stop now,
and where do they get the resources needed to do that, australia of course, sure they can go sneaking around africa for bits and pieces, but they will find it a lot harder to do business with those govt's than here in oz. bit like the pot calling the kettle black, african govts want a stake in everything same as china
china is doing its bit by making manufacturing cheaper for the whole world, so why would oz companies want to manufacture here, cheaper over there
whats left in your doom cycle ?????
no this downturn is because the market 'needed' a checkup, and fundies swooped on the gullible ones
oh yes and on HC we have our own birds of prey swooping, and adding to the fray
cheers
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