But if you accept the premise that the last thirty years have seen fiat money credit bubbles leak their way into all sorts of markets, and one by one that those markets have topped out and fallen as the supply of cheap money fell away…and if you look at the huge levels in household debt growth in Australia (primarily mortgage debt) and see just how exposed the banking sector is to a) wholesale borrowing costs from overseas and b) residential housing… well then?
July 5th, 2010 | Dan Denning | 15 comments | ContinuedAll Posts Tagged With: "macquarie bank"
Is the Macquarie Model Dead?
Is the Macquarie model dead? No. But it is not an easy model to replicate either (or make work when borrowing money is no longer cheap and easy). You have to be discrete about the assets you buy and not over pay for them. And frankly, not many people can make money trying to be like Warren Buffett, buying assets and managing them better than people who work in the business full time. Wall Street operatives invaded the boardrooms of global corporations…
June 18th, 2008 | Dan Denning | 2 comments | Continued
