Getting ready for the fall
June 26th 2007 00:16
It is time of the year when the word 'tax' looms around prominently but another set of words are attempting to get the spotlight, they are 'crash', 'depression', 'fall', 'downtown'. This set of depressive words stem from the excessive liquidity pushing asset values way beyond their fundamentals, and the mascot this time is China.
At the grassroot level, expectations are solidifying awaiting for the 'correction' as 2007 reaches its mid term. However, unlike the 1997 East Asian financial crisis a decade ago, which was a surprise shock, this time retail investors are rather well informed for the coming correction and even awaiting for the silver lining or for the sun to appear after the storm; bargain time.
As the month of June is coming to an end and then July takes over with the real deal rolling in. Talks would give way to the real action, the real correction, and for that, today's business headlines in Melbourne and Sdyney broadsheets are setting the right mood for us for the occasion.
The Age: Banks' banker warns of downturn
Sydney Morning Herald: Great Depression fall looms
Both the papers are owned by FairFax and therefore share the same story despite their different headlines.
And in the papers, the first paragragh already warns;
"THE risk of a 1930s-style economic slump has been heightened by "euphoric" markets tapping cheap global credit, one of the world's pre-eminent financial institutions has said."
So, are you ready?
---
Related Post:
Burst it in July
At the grassroot level, expectations are solidifying awaiting for the 'correction' as 2007 reaches its mid term. However, unlike the 1997 East Asian financial crisis a decade ago, which was a surprise shock, this time retail investors are rather well informed for the coming correction and even awaiting for the silver lining or for the sun to appear after the storm; bargain time.
As the month of June is coming to an end and then July takes over with the real deal rolling in. Talks would give way to the real action, the real correction, and for that, today's business headlines in Melbourne and Sdyney broadsheets are setting the right mood for us for the occasion.
The Age: Banks' banker warns of downturn
Sydney Morning Herald: Great Depression fall looms
Both the papers are owned by FairFax and therefore share the same story despite their different headlines.
And in the papers, the first paragragh already warns;
"THE risk of a 1930s-style economic slump has been heightened by "euphoric" markets tapping cheap global credit, one of the world's pre-eminent financial institutions has said."
So, are you ready?
---
Related Post:
Burst it in July
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