There is very little any Australian political party or group can now do to influence global economic risk or the impact of global events on indebted populace. Liberal, Labor, Greens, ON, CEC …… their policy spreads may impact housing values for a while but nothing more than that.
Kuddles. Super losses in Australia did follow a similar path to 401K losses in the US post GFC. I know of one industry super fund that nearly went down and (anecdotally) many people who lost their savings. Should intra banks lending freeze up again the outcomes will be far worse this time because of there won't be sufficient growth anywhere to act as a counterbalance.
A41's is reports he is a retired gentleman so his time is his own. Posting on the economics forum is not a waste. We all post nonsense at times but our eyes are at least open. Most others are more interested the little Santa rally and feel safe given that Trump's debt fuelled high has maybe another 6 months to run.
cheers
