Ominous signs in Australia


#2589

Really shocking stuff - lend more to prop up an unsustainable bubble. Strongly reminiscent of 2008/09 in Ireland. Next they’ll be accusing some academic of ‘talking down the economy’!


#2590

And like Ireland the majority of voters will agree


#2591

The AUD dropped to 67cent to the US dollar temporarily overnight before regaining some of the drop. Hell of a drop. Just what would happen if they actually dropped rates and implements QE ?

Time to get some Euros? Or USD?


#2592

smh.com.au/business/markets … 19pcn.html


#2593

Aussie Finance minister

joshfrydenberg.com.au/about-josh/


#2594

Australia braces for hard landing in housing market

irishtimes.com/business/eco … -1.3749277


#2595

abc.net.au/news/2019-01-09/ … r/10702000

Job losses come next


businessinsider.com.au/aust … gdp-2019-1


#2596

smh.com.au/business/the-eco … 50qd5.html


#2597

A good time to snap up a public sector job if you’re currently in real estate.


#2598

ft.com/content/94d92078-130 … f78404524e

100k price reductions, free ipads and rental guarantees to try and nab some buyers!


#2599

They already have found their economist to blam talking down the economy - Steve Keen.
He, like McWilliams, was many years early.
But he, too was right and it’s going to be a mighty collapse. It’ll be interesting to see what el gov in Oz does, they’re much more invested in the bubble than even Irish governments were.


#2600

Weird, just opened the page and this ad for buying property in Australia with a foreign mortgage popped up. Spreading the net wider.
imgur.com/a/5oV6ivq
I hadn’t looked at this thread since the last post and I’m browsing from England, is it popping up in Ireland?


#2601

reuters.com/article/us-aust … SKCN1P803G


#2602

#2603

Expert warns Australia could turn into slums in 20 years | 60 Minutes Australia

Opal Tower Turmoil | A Current Affair Australia

Sense of Déjà Vu watching these.


#2604

^ just watching this now, aye carumba. The Oz version of Priory Hall


#2605

12.07pm smh.com.au/business/markets … 1b399.html


#2606

Train wreck TV


#2607

Surprise, surprise. The worst negative equity is in the new developments in far out suburbs, where people got high LTVs to “get on the ladder”. Sounds familiar.


#2608

smh.com.au/business/banking … 50z7z.html