Brian Foley
12-18-07, 05:48 PM
Shopping giant falls as US crisis hits home (http://business.smh.com.au/shopping-giant-falls-as-us-crisis-hits-home/20071217-1hmh.html)
AUSTRALIA'S second-biggest shopping centre owner has joined the RAMS home loans provider as a casualty of the global liquidity crisis.
Market strategists expect the severe volatility on the Australian market to continue for at least the next two months as investors search for safe havens in companies without high debt or exposure to the US economy.
National boundaries serve the same function to the world economy as fireproof doors in a building these mechanisms contain an emergency so that it does not become a disaster. Fire is contained to a few rooms rather than allowing the entire building to burn down. One nation has a depression but the rest of the world continues on and comes to the assistance of the stricken nation.
But, if you remove the fireproof doors which are our national borders , an economic crash in the United States starts to bring down the economies of Australia, Great Britain, Spain, Germany, etc.
AUSTRALIA'S second-biggest shopping centre owner has joined the RAMS home loans provider as a casualty of the global liquidity crisis.
Market strategists expect the severe volatility on the Australian market to continue for at least the next two months as investors search for safe havens in companies without high debt or exposure to the US economy.
National boundaries serve the same function to the world economy as fireproof doors in a building these mechanisms contain an emergency so that it does not become a disaster. Fire is contained to a few rooms rather than allowing the entire building to burn down. One nation has a depression but the rest of the world continues on and comes to the assistance of the stricken nation.
But, if you remove the fireproof doors which are our national borders , an economic crash in the United States starts to bring down the economies of Australia, Great Britain, Spain, Germany, etc.