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Hi WW I believe it did contract quite severley for Aug-Oct and is now beginning to flow gain. The question in my mind is the degree of severity of that contraction ( seen in Allco, ABC etc etc) and whether the new flow is sufficient to overcome the real effects and the perceived risks in...

Hi WW I agree there is some risk (as there always is as no-one can fortell the future) For me the biggest risk to the economy is high unemployment. This may occur due to the credit contraction and is why I altered some of the mix of properties in my portfolio to reflect that risk. Cheers...

As Spidey said above though...weren't these circumstances in place before? I remember the 1980's with 20% deposit, full doc only and a boom still occurred. On a personal level as a full doc, Big 4 client, we aren't seeing any problems with finance now. Back in August the bank was flip flopping...

Hi WW I am a bit confused by something you wrote (might be all the paint fumes atm). We have had a credit crisis and now libor and TED spreads are falling and cash is starting to flow (although not to basketcases such as Allco and ABC) so if the crisis not a tightening of local credit then...