yes very interesting? just how long can America print money for and decrease interest rates to avoid the problem. Especially when they are spending a reported 1bn a month to fund the Iraq war!
I am currently living in London and there is a certainly a scare over here what will happen next. Currently there has been 10 or so high street banks have withdrawn their mortgages from the market altogether. Or coming back onto the market with more expensive products. Also job security could be an issue in coming months.
But all in all Australia still looks strong at the moment, yeap getting ready to pack my bags to come home by the end of the year.
