Poodles

If you look at the chart for DAX and FT indices, you will realize that these two are far more obedient Yankee poodles than the ASX. We are now closer to being a Shar-pei. Europeans are now so poor that they are tailing Wall Street.

Cu is up, Au is up, AUD is up but only a little. So, our crunch should be much slower...

Ah.... if only Aussie Greeks can rule Greece and make them work!