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I agree, the effect will begin to flow through after the olympics, and could be 12mths off here yet. Economists stated we were not very vulnerable to the US Sub Prime drama, yet our stockmarket has dropped 15% since, and their's about one 3rd that. Seems to me this might be but the tip of the...

US slowdown will impact on China's exports, which in turn will slow down our exports to China, who will slow down signifigantly after the olympics, at which point with high interest rates our slowing economy will likely follow the US into recession (who might be starting to see light at the end...