What they haven't mentioned is - it's all happened before. Shares dropped radically in 1997 and the world then, too, was in a "Meltdown".
Australia has had many "meltdowns", however, and has in the past always recovered.

Click on the links below to see past newspaper clippings as well as some charts that might shed some light on our financial situation.

Newspaper Clippings from the Past

1997 Share Prices   

Annual Returns of Australian Shares 1950-2007

 *Information provided by MLC Nominees Pty Limited*