Hi Dean - looks like the US subprime toxin has leached into Australia too! Do you think NAB will remain the only one 'materially' affected?

It's interesting how high interest rates plus a strong currency are still not enough to control inflation. In fact, higher rates are driving the 10% YOY inflation in financial services.

I was traveling with a family from Perth, and they were rather upset about how the commodities boom was driving everything up for them. Classic case of 'be careful what you wish for'!