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Actually, don't be too confident, companies these days are running very lean operations so there is not much cost cutting they can do and I am sure our executives won't be firing themselves. ;)

And that's part of the problem, many came out in the open and said we have lost money but continue to do business. On the other hand we would have many who are hiding or redirecting their losses (offsetting them against profits) and are giving us the "all is sweet" story. It will be...

Why end it? It helps their weapon manufacturing industry and at the end of the day they will probably make the Iraqis pay.

It is a possibility. The US IMHO should be addressing the problems and they are not doing that. By cutting interest rates IMHO they are only delaying the inevitable so it is possible that things will get to a stage where nothing will save us.:eek: Interesting times...:)

Property could go up after this crash but could also go down. I think this share market crash could force some people to sell IP's to fund their involvement in shares. 1. Some will sell because they will need cash to meet margin calls. 2. Some will see shares as good value and...

which bust? Property or stocks? :confused:

From Glenn Stevens's report. I think we can take it as given that there will be trade spillovers from the weaker US economy to the developing world and to other developed countries in due course, even though there is not a lot of evidence of such an effect in the data we have as yet. The...

btw, the subprime is expected to affect financial companies throughout 2008 so expect to see company losses even until January 2009. What will this do to MBL, CBA etc shares? cheers

Michael, I don't like our chances mate. The sub-prime is not over yet, in fact it hasn't even peaked. Additionaly, there is so much uncertainty around it's not funny. A lot of people say that following the herd is not a good thing. I am telling you that it's not only the herd who are...