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Old 10-09-2008, 07:51 PM   #1
Aliantha
trying hard to be a better person
 
Join Date: Jan 2006
Location: Brisbane, Australia
Posts: 16,493
All economies are intertwined or entagled to use your words tw. It's only the degree that differs. As I mentioned before, so far, our major banks have weathered the storm very well, and they've gobbled up the couple of smaller ones who've become slightly unstable.

We may be more isolated here and as I also mentioned before, our banks invest very heavily in resources and exploration. This is a market which is performing well here in Australia so things are not so bleak. Also our ability to export natural resources gives us a leg up which many other countries don't have. Our dollar being weaker is good for our export market also, and with the cost of imported products then becoming more expensive, people are encouraged to buy Australian, which in turn boost our economy and keeps it stable, at least in house.
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