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Search: Posts Made By: littda01
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Forum: Australia
Dec 21st 2010, 3:09 am
Replies: 1,008
Views: 102,406
Posted By littda01

Re: The Great Australian Property Swindle

As its net lending, it obviously takes account of mortgages being repayed (exactly how, I'm not sure). But there was at least one period post-GFC where a lender or the country as a whole, was paying...
Forum: Australia
Dec 21st 2010, 1:59 am
Replies: 1,008
Views: 102,406
Posted By littda01

Re: The Great Australian Property Swindle

Right, house price inflation is credit-driven. No credit, no price growth.

I agree that its an incredible reduction but if you turn off the tap of new loans, which is what they've been doing, then...
Forum: Australia
Dec 21st 2010, 1:27 am
Replies: 1,008
Views: 102,406
Posted By littda01

Re: The Great Australian Property Swindle

It wasnt a bailout, but it was far, far from a precautionary measure. The lack of overseas funding was not due to the collapse of overseas banks, it was due to the credit crunch, which caused many...
Forum: Australia
Dec 20th 2010, 11:15 pm
Replies: 1,008
Views: 102,406
Posted By littda01

Re: The Great Australian Property Swindle

"It has been confirmed numerous times by industry experts that the Australian banks are tightly regulated and that this was a leading factor in our ability to shrug off the GFC while other, larger...
Forum: Australia
Dec 13th 2010, 10:14 pm
Replies: 1,008
Views: 102,406
Posted By littda01

Re: The Great Australian Property Swindle

I wasn't talking about Chinese in Melbourne, I was talking about Chinese in China.
Forum: Australia
Dec 13th 2010, 3:29 am
Replies: 1,008
Views: 102,406
Posted By littda01

Re: The Great Australian Property Swindle

In the case of the Chinese empty-property story, there's a couple of explanations out there -

1) There is tremendous excess credit in China, even more so than Aus for example. This is pouring...
Forum: Australia
Dec 6th 2010, 4:55 am
Replies: 1,008
Views: 102,406
Posted By littda01

Re: The Great Australian Property Swindle

Vash: "The US property crash saw price dropping more than 14% in a single month (not a quarter). Perth's decline is not even close to that."

If thats true, I think it must be in the real...
Forum: Australia
Dec 2nd 2010, 3:56 am
Replies: 1,008
Views: 102,406
Posted By littda01

Re: The Great Australian Property Swindle

Look, whether you believe everything he says or not (and some of his views are 'alternative' in an economic sense), there are some pretty interesting facts in there around the level of indebtness Aus...
Forum: Australia
Dec 2nd 2010, 2:55 am
Replies: 1,008
Views: 102,406
Posted By littda01

Re: The Great Australian Property Swindle

If anyone's still in any doubt as to how bad a situation Australia has got itself into here, I'd recommend reading Steve Keens response to the banking competition enquiry:

"The Australian Senate’s...
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