The RBA has announced how the CLF – a kind of pre-emptive bank bailout would work.
Of course… they won’t call it that.
November 29th, 2011 | Dan Denning | 6 comments | ContinuedAll Posts Tagged With: "mortgages"
Reserve Bank Agrees There is a Housing Shortage in Australia
RBA assistant governor Philip Lowe said in a speech in Sydney yesterday that constraints on home building are restricting the supply of homes in Australia. The shortage is one factor keeping prices up. Nothing was said about the lending boom.
March 11th, 2010 | Dan Denning | 43 comments | Continued
Subprime Loans Caused the Initial Illness, Option ARMs will Cause the Relapse
If you believe the Obama White House and the glass-half-full press corps, you’d think this mess is now behind us. We are, after all, in a recovery…right?
December 22nd, 2009 | Jim Nelson | 6 comments | Continued
Financial World Has Every Reason to Encourage Government Stimulus
Besides, the limits on executive compensation are window-dressing for public (voter) consumption. With bonuses limited by statute, we reckon more compensation for the financial industry will move back to stock option grants. That means for the financial industry to preserve its privileged status, stock prices have to move higher.
September 8th, 2009 | Dan Denning | 6 comments | Continued
Rich Blamed for Financial Debacle of Last Few Years
Their governments all have in it for them…taxes on ‘the rich’ are rising. The Democrats are talking about financing the entire nation’s health care system on the backs of the super-rich.
August 26th, 2009 | Bill Bonner | 4 comments | Continued
The Achilles’ Heel of the Entire World Financial System
The moral of this story is that you have to go all the way. If you want your baby to be invulnerable, put him all the way under the water…even the heels. Or, maybe there’s another point: that there’s always some place where you’re vulnerable.
August 24th, 2009 | Bill Bonner | 4 comments | Continued
Bank Stress Test Not Stressful Enough
Forecasting loan losses at banks is inherently speculative. Forecasting future cash flow from existing loans is also speculative. Both estimates lie at the core of this week’s leaked (and eventually announced) stress test.
May 13th, 2009 | Dan Amoss | 0 comments | Continued
Where is the Committee to Save the World?
Greenspan’s successor wants to get his picture on the cover of TIME just as much as his former boss did. He’s determined to beat the bust. If he can do it, TIME will probably give him the Man of the Year award. If he can’t, he’ll probably get the ‘Schmuck of the Year’ award from us…
February 23rd, 2009 | Bill Bonner | 1 comment | Continued
Australian House Prices Are Severely and Seriously Unaffordable
Let’s consider a new study on global housing affordability by Performance Urban Planning. The report concluded that Australia has the most unaffordable housing of all the nations surveyed. Not only that, but according to the report, Australia doesn’t even have a single urban area in which housing is merely “moderately unaffordable”…
January 27th, 2009 | Dan Denning | 312 comments | Continued
The Swift and Violent Rise of Oil
If you want to know why oil prices could double this year, or how $52 trillion in total global debt will utterly suffocate central bank attempts to resuscitate bank lending, or Ben Bernanke’s secret plan to turn trillions of dollars worth of toxic assets into shareholder equity, read on! Two topics in one day! Why are oil prices lying? How much air is left in the credit bubble?…
January 20th, 2009 | Dan Denning | 10 comments | Continued
1 Out of 10 American Mortgages Are Owned by Other Countries
The dark twins of the mortgage market have foreign investors nervously chewing their fingernails, as one out of 10 American mortgages are…
July 22nd, 2008 | Kate Incontrera | 0 comments | Continued
Your Houses will be Worth Less than the Value of Your Mortgage Loans
households will be “upside down,” meaning, their houses will be worth less than the value of their mortgage loans. Almost half of the people who took out subprime loans over the last two years have no equity in their houses, says Bloomberg.
February 15th, 2008 | Bill Bonner | 3 comments | Continued
