VerySmartInvesting: Markets selloff continues

(Jim has a very nice black leather jacket which I've never worn.) But I do like the smell of it, and if Leather was a good black-leather scent, then surely Riding Crop, Russian Leather, and Saddle would be good as well.Unfortunately, I only really like one of them. They just smell, subtly differently, like synthetic leather.Russian Leather, according to the Demeter website, is the smell of old leather armchairs in a Viennese library, with the sweetness that can come only from age. it is as if, walking through a garden at nighttime or on an overcast day, you came across a flower that was made, from stem to sepal, entirely of leather, sprouting from the earth like any other.There is a deep, dark floralcy to the Russian Leather, but it doesn't smell like flowers;
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Australia leads decliners being impacted by NAB, a large Australian bank, which just wrote-off 30MM (Australian) related to losses in the US sub prime mortgages, off 11%. Their LCD division did well but they are forecasting slow business for the rest of the year.
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