a correction is likely to just around the corner.
How big is the issue.
The AUS$ is too high IMO, housing prices in China are soaring, and possibly, China is sitting on an excess credit bubble that if it implodes, may eclipse the GFC leading to the ineviteable sinking of global commodity prices and business confidence.
Will it deflate in 2010? Time will tell, but I'll be prepared as the bears do have a persuasive argument.
IBM & Citigroup are reporting tonight.
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