You might like to sign up for John Mauldins free weekly newsletter thoughts from the frontline. It is outstanding commentary on whats going on in financial circles. He gives very cogent reasons why this didnt work last time and why it is less likely to happen this time. USA is heading for recession whether they like it or not and the issues go way beyond subprime. However there is no way the rest of us are going to escape either. Despite our outstanding economy Stevens as head of the RBA made it patently clear when speaking in London on friday that we will face our 7th successive interest rate rise in the setting of major inflationary worries for us concerning food (our 6th year of drought) and fuel. Hang onto your hats we are going to be floundering for awhile but there is opportunity in all of this. Read him (I have for over a year) I think you will enjoy it and learn a great deal
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