http://www.abc.net.au/insidebusiness/
Watch Alan Kohler's interview with Stephen Roach of Morgan Stanley. Some interesting insight into where the market is due to correct further after excessive growth and activity.
List the different bubbles Stephen talks about. Why is 'carnage' expected? What's out of balance? What bubble exists in Australia which may still have further to deflate?
What restructuring needs to occur in the Chinese economy, how different is this to USA?
What is he worried about? From Demand and Supply side?
What is missing in Australia's economic plan?
How have central banks been negligent in relation to asset bubbles?
What figures from the Depression are put forward as being far in excess of anything we will experience in our future?
Monday, March 23, 2009
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