Sub Prime = Liar loan or Low Doc loan phase 2? However the...

Sub Prime = Liar loan or Low Doc loan phase 2? However the market has a habit of factoring these bad fundamentals by preempting with sell off in the big banks before us mugs get to read them in the public domain. I was very interested in getting into one of the big 4 namely CBA but it has reversed without testing the long term support.

FX wise this from Morgan Stanley;

"Turning to our own currency, and Morgan Stanley analysts reckon the Aussie is set to fall to the weakest since the aftermath of the global financial crisis in 2009 as it loses its standing as a high-yielding currency.
The Aussie will drop to 67 US cents in 2018 before retreating further to 65 US cents in 2019 as the nation's benchmark interest rate will eventually go below the Federal Reserve's, said Hans Redeker, the London-based chief global currency strategist at Morgan Stanley, the most bearish forecaster of the currency."

Chart wise I see 71C so 67C is a tad too pessimistic but you never know.