Contagious.
Unobserved by many, most Aussie banks already lost 60% of their value!
A historic housing bubble now in the process of bursting.
RBA panicking & $AUD looks like a falling knife.
These major institutions are now facing similar pressure to US banks in ’08. pic.twitter.com/InGDqaeWr1
— Otavio (Tavi) Costa (@TaviCosta) March 16, 2020