Originally Posted by
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so yeah, my thought is a bit cliche, but I think subprime will go one step farther. Finance is currently a worldwide operation... just a decade ago things were extremely different. These banks are operating on a global scale and their thoughts, strategies and techniques are spread just like a plauge. So im not so much saying that australia (or any other nation ) will be effected with the weak US market, im more saying that the exact schemes that went in the US credit market were used by the planet, its just that the US got exposed first. We have already seen this in recent news, and I think this is just this iceberg's tip.