By: ecchi.gaijin
5/08/2008
12:03 am Yahoo! Profile:
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| Rents are tipped to increase by 50% where I am. We heard all about how overvalued prices were a couple of years ago when the issue of 110% mortgages was hot news. Prices slumped for a short time mostly in Sydney and Melbourne. I agree that in some places there is room for some shrinkage but given the way the government wants us to increase our population I wouldn't expect too much should they get their wish. |
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By: perceptions_now
5/08/2008
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"Prices dropped in all of Australia's major cities last month for the first time since just before the Great Depression. "
kraekan,
The trends suggest we are in for one hell of a ride or simply a ride in hell. |
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By: kraekan
4/08/2008
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Australian property is way overvalued, more so than the US and the UK I would think. They have dropped a huge amount with more to come.
Banks are putting up rates above that of the RBA, with the credit crunch thrown in as well the possibility of a significant downturn should be considered.
Once a trend starts its hard to stop. |
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By: ecchi.gaijin
4/08/2008
11:43 pm Yahoo! Profile:
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| .3% was the figure I saw today, if you blink you won't even see it as a decrease. |
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By: kraekan
4/08/2008
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This was posted on Market Watch I think.
http://www.bloomberg.com/apps/news?pid=20601081&si d=aBCuyixr8nJE&refer=australia
"Australia Facing `Once-in-100-Year' Housing Slump (Update1)
By Jacob Greber
Enlarge Image/Details
July 31 (Bloomberg) -- Australia may be headed for a housing recession similar to those roiling the U.S. and U.K.
The cause is a combination of rising default rates, the biggest drop in home prices in five years, the highest borrowing costs in a decade and slowing economic growth.
Prices in the property market -- described by the International Monetary Fund in April as one of the world's most ``overvalued'' -- will fall 30 percent by 2010, according to Gerard Minack, senior economist at Morgan Stanley in Sydney. Prices dropped in all of Australia's major cities last month for the first time since just before the Great Depression. " |
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By: perceptions_now
4/08/2008
9:56 pm Yahoo! Profile:
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Rolling Recessions & Central Banks - Bloomberg
http://www.bloomberg.com/apps/news?pid=20601109&si d=aFrn8Jy3kt2g&refer=home |
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By: riskpirate
4/08/2008
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| RBS to take a hit......watch our aus banks fall, starting with NAB on a credit down grade. |
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By: perceptions_now
3/08/2008
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Article (by Mike Witney) & website, of interest -
http://www.counterpunch.org/whitney07232008.html
http://nychousingbubble.blogspot.com/
Close gaps, as usual, if needed. |
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By: perceptions_now
3/08/2008
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The article, which is from a US Political website, simply suggests a secret watch list of 1400 banks and then refers you to the bank list you refer to.
The suggestion being that the entire US banking system is now at risk!
The original reference came off the following US site -
http://2cents.dailyreckoning.com/viewtopic.php?t=3 3224 |
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By: wolframtrader
3/08/2008
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perceptions...i tried the link and all it took me to was an NIC list of about 50 banks based purely on market cap at the end of March 2008...
do you have any other links? |
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By: perceptions_now
3/08/2008
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Would it make our life easier, if the global financial sector were to provide a full disclosure now, of their current financial positions?
Well, the global market would have an enormous fall.
But, at some time, the truth or something close to it, will become apparent to most, and the proverbial will hit the fan, at some time, in the not too distant future.
So, just maybe, a bold move, to include people, rather than trying to exclude them, may be a better approach.
We now enter a long period of turbulence and danger, where the global economy is being "constricted", like the actions of a "Boa Constrictor" snake and the global economy is having the life slowly crushed out of it.
A continuation of what has been, will likely provide very unsatisfactory outcomes.
If it's not too late, perhaps we can try something new?
Following is a link to perhaps what is the real FED/FDIC bank watch list. Be nice to be a fly on the wall sometimes. It may give a different perception on life?
http://larouchepac.com/news/2008/08/01/1400-banks- secret-fed-watch-list.html
Close the gaps, as usual. |
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By: perceptions_now
2/08/2008
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And another one bites the dust, there is a consistent pattern.
http://www.fdic.gov/bank/individual/failed/banklis t.html
http://www.bloomberg.com/apps/news?pid=20601087&si d=a87bC3u64eTc&refer=home
Close the gaps. |
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By: kraekan
28/07/2008
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| The FDIC always does it that way I think perceptions. Gives them time to sort it out and, I think, to fly in extra cash and open on the Monday. |
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By: perceptions_now
27/07/2008
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Well, what a fortunate accident of nature, it seems that banks usually go belly up on a Friday, leaving the weekend for things to settle down.
http://www.fdic.gov/bank/individual/failed/banklis t.html |
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By: perceptions_now
26/07/2008
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"don't bet on it - deja vu all over again - 1929 - walk in the park"
Unfortunately, I concur! |
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By: reynard2008@y7mail.com
26/07/2008
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| don't bet on it - deja vu all over again - 1929 - walk in the park |
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By: kraekan
26/07/2008
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| Good catch perceptions. Still got a way to go to match 2002 but it might be accelerating now. Hopefully it wont get as bad as some say. |
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By: perceptions_now
26/07/2008
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Two more US Banks gone overnight!
First site is Wall Street Journal Report.
Second site is the FDIC failed bank list, which is starting to move along.
http://online.wsj.com/article/SB121703904765687047 .html?mod=googlenews_wsj
http://www.fdic.gov/bank/individual/failed/banklis t.html
Close gaps, as usual. |
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