ABC

Anyone has been Patient and with Vision would easily understand the Current WWIII is.....
As simple as "ABC".

American Born Crisis.

Let us also look at the "ABC" from a different angle.

"A" for Australia.
I am still convinced Australia is better positioned than any other Western Countries.
But this does not mean it can stay away from Troubles.
Within a year, Australia's Unemployment has risen from 3.9% to 5.7%!
Still in Australia, unlike UK & US, at least many 1st time buyers are rushing to buy houses!

"B" for Britain.
The Once Greatest Empire - now the Greatest Depressed Nation.
Its Mess is Almost the Worst in Europe
Its national debt is now over 13% of its GDP (just behind Ireland)
And its Current Credit Rating of "AAA" looks almost certain to be Downgraded!

"C" for China.
Almost every country is betting on its Recovery.
Then again, its growth has been down from two digits for the last ten years to first, 6.3% and recently.......6.1%.
Before trying to save the world, China has to save itself first.
It is estimated for 1% Less Growth, there will be 7 Million More People out of job!

Now, back to the Biggest Economy.
"ABC" - Americans Better Covered?
With the 19 Largest Banks passed the "Financial Test" conducted by the US Government.

But there is a catch.
There are Three Criterion.
GDP, House Price & Unemployment.
And there are Presumptions on all these Criterion.
The Unemployment in US is Presumpted to rise to 10.3% by 2010.

So, this is exactly the Problem.
I believe the 10.3% has ALREADY been reached if the officials reporting the Truth.
Even with some foul play, the US Unemployment is soon to hit 10.3% - NOT till 2010!

Do you know there were 25 banks in US gone under in the whole year of 2008?
How many banks do you think have gone under so far this year?





29! And we are not even half way of the year yet!
But ALREADY beaten the last year's Total!


So, what should we do NOW?
Just like what you did in the Past, what you've been doing at Present......


"ABC".



Always Be Cautious.

Fate
Learning is Ongoing
P.S. Alice, thanks for your Feedback to my post dated 16 April. We did NOT contact your family during our recent trip to the Gold Coast was because we'd like to be alone, to think things over and to then make a decision. And we made the decision that our boys are to move to another school NEXT term