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The Similarity and Differences Between Australia and Ireland
I think everyone wants to be the next Michael Barry. I thought that you, Marshall, more facts and we're just more convincing. But there are a couple of things I didn't agree with that you said. The likelihood of default is caused by two things. One falling prices and two unemployment. We have had some pretty big interest rate shocks in Aussie housing market. Not withstanding that we have seen house price falls, but we haven't seen increases in a few years. If we get a big increase in unemployment, which we'll come to, and we get a deep recession, I personally think the next recession will look very, very different to 1991. And I do think we