2026 TeoTwawKi ... 2032 Darkest Interregnum Message Board

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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum

GLD 383.15

+0.8%

Nov 26 4:00 PM EST

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To: elmatador who wrote (37728)	7/30/2008 10:01:16 PM
From: Moominoid	Read Replies (3) of 218043

The Australian economy is slowing down. But saying that it faces a worse crisis than the US makes no sense as the writedowns at NAB and ANZ are all due to their holdings of US securities. And as they wrote off 90% of the value, they can't lose more on this... I am seeing more commercial space for rent and more signs of apartments for sale (i.e. they are staying on the street a bit longer). Rents are up though. Starbucks is closing 3/4 of Australian stores. But on the main branch in Canberra I saw already the owner has put in a request to change the shop front from wood to aluminium. Why be in such a hurry if they didn't have a new tenant? The Australian and NZ economies don't have a lot in common.

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