Why aren’t the banks lending locally and what are they doing instead? Well, they’re probably terrified that commodity prices won’t recover any time soon, rendering the collateral posted by mining companies worth a lot less. Or, worried about future losses in commercial property, the banks are saving up for a rainy day.
March 31st, 2009 | Dan Denning | 19 comments | Continued Our DR Global Editions: 
Saturday, March 20th, 2010
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2010-03-19 01:38 Most Comments
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The problem Nick with your "trickle down " theory is it is a farce...
The mining companies well may face a ...
Stillgotshoeson | 20Mar10 | More -
Interesting summary, Nick. It's likely that some locations are 'alarmingly overvalued' and some are dirt cheap. The latest three-bedroom, two ...
Biker Pete | 20Mar10 | More -
Australian properties are alarmingly overvalued, they are the most expensive in the world (median house price to median income ratio). ...
nick | 20Mar10 | More -
Don't forget the delightful 60% increase in electricity prices for NSW - coming to a state near you! Will this ...
Don | 20Mar10 | More -
CA, oilprice and China
http://www.nytimes.com/2010/03/20/business/energy-environment/20saudi.html?pagewanted=1&hp
Ross | 20Mar10 | More -
Doesn't look all that good over there, does it Shoes?!~
""When people are on a bigger income, they tend to borrow ...
Biker Pete | 20Mar10 | More -
Over on the east side of Australia though.....
http://www.heraldsun.com.au/news/resurgent-victorian-housing-market-putting-borrowers-under-strain/story-e6frf7jo-1225843006608
Stillgotshoeson | 20Mar10 | More -
You're correct... I'm speaking 'in the present'. Given our situation, I think your assertion that I'm 'the grasshopper' in Aesop's ...
Biker Pete | 20Mar10 | More -
M3 data is not very accurate tho Prozac, it tends to overstate monetary inflation. Unfortunately I cant find any TMS ...
Anon | 20Mar10 | More -
Certainly a lot of contradictory information out there.
I strongly expect inflation, and biker Pets comments are real, as the ...
nick | 20Mar10 | More
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The problem Nick with your "trickle down " theory is it is a farce...
The mining companies well may face a ...
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