it is possible that the china-play that be australia is in a boom that went too enthusiastic as new graduates from fine art program engage with mining and truck drivers earn 200k per annum.
the over-enthusiasm shall correct, but probably just down to health growth because it is a country w/ few souls and lots underground, and is not burdened with neither a derivative nor shadow banking wmd.
what downed iceland, irks ireland, lights italy, greases greece, afflicts spain, bothers france, is a nuisance to germany, 'chronics' japan, aches britain, are, imo, all quite different issues jumbo-ed into one 'solvency-liquidity crisis' by the media.
watch n brief, as all shall become clear in time, counting down 6-14 years. |