Update for AUD carry(mainly GS) gamblers : Australian households are in record levels of debt, and for the first time have surpassed American levels.

Reserve bank figures show household debt - the combination of personal and mortgage debt - is equivalent to Australia’s GDP.That means every adult owes an average of $74,000.Analysts warn that the financial crisis that rocked Main Street in America could well hit Australian families in 2010. The Council of Social Service says there is already a debt crisis and it will only get worse unless the Federal Government steps in, with the numbers of new families asking charities for help set to increase next year.The council’s director, Alison Peters, says the Government needs to boost its support.”We think there needs to be more support given to organisations like local neighborhood centre like the major charities to be able to assist those people who are really desperate for assistance,” he said.

AUD/ASX/Risk trade ?????????????????????? AUD wonderland(??)depends on China and the China boom is FAKE

Update for our NZD carry(mainly,again GS)gamblers : Even more worst than AU (the NZD Christmas sales are finished on after crash 2008 level) .RBNZ’s Bollard didn’t and will NO HIKE !

The AUD and NZD are of course on the high and still links in the GS chain holding stocks on this more than insane P/E(140++)level.

The top on 5 minutes chart below a SELL opportunity for more or less everything.

http://www.forexdirectory.net/nzd.html

- doubledutch

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