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And to think I was worried about continued interest rate increases fairly recently, now the concern is about how quickly rates will need to fall. The RBA cut 1% recently, looks to me like more of the same next month at the moment.

I don’t think I’m the only property investor who is a little concerned at the moment. The flipside being any market dislocation will present bargains for those who are still standing and not too dislocated by this whole mess.

Consider those investors who had the temerity to buy stocks in early 1930, right after the great crash, when prices had fallen about 50% from their previous highs. Prices proceeded to fall another 80% before they finally hit bottom in the fall on 1932. Or consider the cautious investors who sold out in early 1955, when the Dow Jones Industrials had finally regained their old 1929 highs and had tripled over the preceeding six years. Just nine years later, prices were double both their 1929 and 1955 highs. In both cases the anticipated return to normal failed to take place. Normal had shifted to a new location. - Bernstein ‘Against The Gods’

I’m not sure if there is any precedent for what is happening in the financial world at the moment, other than we are having a crisis and that it will eventually end at some point.

These were people who ‘thought’ they were very conservatively geared at 50% in a strong Australian economy only a short time ago.

Plenty of stories like that around at the moment I suspect.