Normal
For me I don't see the diffrence between the situation today and what happended in 1929.This is just the beginning and the world is so much integrated. US has been consuming the world resources for years by printing out money.The world will need to write-this off.Commodity price will start to fall. Australian Banks also rely on off-shore funding. With this financial crisis, no one wants to lend money and they also do not have the capacity to do so with every $1 you loss on bad debt it means you are squeeze and can't lend $10 out to the borrower. What will happen when all off-shore creditors start to call their loans back from Australia? Because they need funds deperately to fix the issue in their countries.Unemployment in AUstralia will increase eventually --->http://www.tldm.org/News11/GreatDepressionOf2008.htm
For me I don't see the diffrence between the situation today and what happended in 1929.
This is just the beginning and the world is so much integrated. US has been consuming the world resources for years by printing out money.
The world will need to write-this off.
Commodity price will start to fall. Australian Banks also rely on off-shore funding. With this financial crisis, no one wants to lend money and they also do not have the capacity to do so with every $1 you loss on bad debt it means you are squeeze and can't lend $10 out to the borrower. What will happen when all off-shore creditors start to call their loans back from Australia? Because they need funds deperately to fix the issue in their countries.
Unemployment in AUstralia will increase eventually --->http://www.tldm.org/News11/GreatDepressionOf2008.htm
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