theasxgorilla
Problem solved... next bubble.
- Joined
- 7 December 2006
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http://www.bloomberg.com/apps/news?pid=20601081&sid=aeQqbDX9u.8M&refer=australia
Read the article carefully...it's not suggesting that our banks are actually in trouble...but due to perceptions created by the governments of several other countries implementing various guarantees for their banks, Aussie banks are at a competitive disadvantage.
This a very big factor in the recent extreme Aussie dollar weakness, IMO.
Read the article carefully...it's not suggesting that our banks are actually in trouble...but due to perceptions created by the governments of several other countries implementing various guarantees for their banks, Aussie banks are at a competitive disadvantage.
This a very big factor in the recent extreme Aussie dollar weakness, IMO.