Yahooo !! wake up
Here is snapshot below i took today ( 19/11/2009)of the yahoo Australian finance section
Wow I just saw that third headline and was stunned for 2 reasons!!
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- First Shocked that we had a rate rise so soon.. now thats absurd !!
Next even more (2nd reason ) Amazed when i realized its old stale news and that yahoo has it right on the front page of its financé section making people believe the obvious from what it seems to be.
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Hi,
Australia is heading a massive credit crisis of $50 billion AUD in commercial lending maturing in 2010. They won’t be able to tap the international markets as overseas Europe has $350 billion in commercial lending coming up for maturity and the US has mortgage resets of over $225 billion this credit crisis is far from over. Check out http://www.jpminvestmentgroup.com.au for more information.
JPM Investment Group