Re: Banking in Australia
Degan,
Aus banks are very stable...Commonwealth, National, Westpac and ANZ are the big four & St George next.
When investing overseas, you need to know that you are also making a currency play at the same time.
Most Aus commentators thing that the $AUD will devalue over the next 12 mths (range $US.72-.64). Should that happen, your interest gains would be wiped out and you could be stuck for some losses.
Aus poker players on the other hand will clean up!
Good luck.
Paul
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03-14-2006, 07:42 PM
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