“The Australian housing market is facing the prospect of a ‘perfect storm’ of financial pressures, including high mortgage debt, overvalued homes and rising unemployment, which could see prices eventually fall by as much as 30 per cent, investors have been warned,” reads a story in today’s Age.
March 18th, 2009 | Dan Denning | 43 comments | ContinuedAll Posts Tagged With: "Wayne Swan"
RBA Rate Cut Does Little to Unlock Credit Market
“Rally to me,” said Glenn Stevens. And investors did. The RBA rate cut WAS a full percentage point as we speculated yesterday. And it certainly did make a splash. Economists loved it. The critics praised it. And investors “huzzahed” the ASX 200 up nearly two percent on a day when the rest of the globe quaked in fear. What has changed? The bank has shifted from being worried about inflation to being worried about recession. A credit crunch?
October 8th, 2008 | Dan Denning | 4 comments | Continued