Contagious. Unobserved by many, most Aussie banks already lost 60% of their value!
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