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australia has a booming economy higher interest rates than here house prices are generaly rising not affected as much as us by america Northern Rock isn't going tits up the press as misled the public it has more cash than peoples deposits there problem is they can't lend money off the international for future lending requirements which will affect there future prifits and growth they are about to record £500+million profit the shareprice has took abeating because of the frenzy of people taking there money out which could make the brand worthless for future growth but i think loyalty will kick in and the share price will recover there profits come mainly from mortgages not savers and it is this that will save them maybe a takeover target but definatley won't go bust.
Australia is stable and doing well
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