Lets recall from this post EFSF. I reckon things will work out in the Europe for now. and a few months later for SHTF! When Greece runs out of money AGAIN and problem countries buys more CDS on Greece and pray for Greece to default to save themselves. IMO that's private sector participation in the bail out of other major Too Big to Fail euro countries.
Not much ideas from me now. But i reckon some Forex looks cheap to me.. like AUDUSD. with the DXY up so much. Plus political wise. Our Treasurer wants tax reform to path the way for the world first CARBON tax!
He hinted for a corporate tax cut. Which has been on the table for sometime. Perhaps that'd what holding up the AUDUSD
I seriously think Australia is too lucky. Or are we in one of those Housing Bubbles! That i have been warning some of my mates. House prices have dropped not on statistic about 5~10%.
From Memory: Australia Household debt was 155%.... US when the subprime crisis hits it was 133% per household!
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