Australian sub prime mortgage market. | Page 35 | FerrariChat

Australian sub prime mortgage market.

Discussion in 'Australia' started by Arvin Grajau, Aug 11, 2007.

This site may earn a commission from merchant affiliate links, including eBay, Amazon, Skimlinks, and others.

  1. b27

    b27 F1 World Champ

    Oct 11, 2007
    15,781
    Melbourne, Australia
    Full Name:
    Brett
    Not laminator, it looks like scud has been banned. Hopefully its only in the sinbin like moretti. We all get a bit emotional at times.
     
  2. Aircon

    Aircon Ten Time F1 World Champ
    BANNED

    Jun 23, 2003
    100,524
    Melbourne, Australia
    Full Name:
    Peter
    yes he's been banned. i don't think you're allowed to call people a paedophile or a dickhead.

    it might pay to keep that in mind just in case you were considering it :)
     
  3. Kelsa

    Kelsa F1 Veteran

    Jul 25, 2005
    5,376
    Adult Toy Land
    Full Name:
    Crazy Chinaman
    hmmm... true tho, just because you and laminator are very close, doesn't make Laminator a paedophile! :D LOL

    *****running away.......
     
  4. b27

    b27 F1 World Champ

    Oct 11, 2007
    15,781
    Melbourne, Australia
    Full Name:
    Brett
    Not going there PP, I did make a post the other day that laminator may have interperted it that way. But unlike others the context didn't express it.
     
  5. laminator

    laminator Formula Junior

    Dec 27, 2007
    928
    Ya shmuck!!!

    Where's Pap with the I love the internet picture? :D
     
  6. Kelsa

    Kelsa F1 Veteran

    Jul 25, 2005
    5,376
    Adult Toy Land
    Full Name:
    Crazy Chinaman
    havn't school started yet?
     
  7. b27

    b27 F1 World Champ

    Oct 11, 2007
    15,781
    Melbourne, Australia
    Full Name:
    Brett
    Don't you mean hasn't. Perhaps you should re register Kelsa. :):)
     
  8. laminator

    laminator Formula Junior

    Dec 27, 2007
    928
    You confuse me! :p

    It was Adelaide Cup day today, I think the rest of you had Labour Day. ;)

    School tomorrow. :)
     
  9. Aircon

    Aircon Ten Time F1 World Champ
    BANNED

    Jun 23, 2003
    100,524
    Melbourne, Australia
    Full Name:
    Peter
    well...you're smarter than scud. he actually said it.

    oh well.

    it's only for 2 weeks.

    anyway..hope that answers your question as to "why"
     
  10. Kelsa

    Kelsa F1 Veteran

    Jul 25, 2005
    5,376
    Adult Toy Land
    Full Name:
    Crazy Chinaman
    lol i'll give you a re-register this friday! :D
     
  11. Horse

    Horse Three Time F1 World Champ
    Owner Silver Subscribed

    Dec 1, 2005
    35,418
    Brisvegas
    Full Name:
    Jon
    On Topic :)

    USA lending market
    ________________________________________
    Following the problems in the sub-prime lending market in America uncertainty has now hit Japan, in the last 7 days:

    Origami Bank has folded.

    Sumo Bank has gone belly up.

    Bonsai Bank announced plans to cut some of its branches.

    Karaoke Bank is up for sale and will likely go for a song.

    Shares in Kamikaze Bank were suspended after they nose-dived.

    500 staff at Karate Bank got the chop.

    aaaaaaaaaand analysts report that there is something fishy going on at Sushi Bank where it is feared that clients and staff may get a raw deal.




    Thank you very much. :D
     
  12. b27

    b27 F1 World Champ

    Oct 11, 2007
    15,781
    Melbourne, Australia
    Full Name:
    Brett
    That may not be true, Perhaps my context was only joking and not out of anger.
     
  13. b27

    b27 F1 World Champ

    Oct 11, 2007
    15,781
    Melbourne, Australia
    Full Name:
    Brett
    Thanks Horse.

    We needed that :):)
     
  14. moretti

    moretti Five Time F1 World Champ
    Lifetime Rossa Owner

    Nov 1, 2003
    59,757
    Australia
    Full Name:
    John
    that's about as good as the advise gets around here :)
     
  15. jeffQV

    jeffQV F1 Rookie

    Feb 13, 2004
    2,976
    NZ
    Full Name:
    jeff

    As I'm in the 'subprime' market this is the funniest I've read for ages! Thank you for making my day!
     
  16. Aircon

    Aircon Ten Time F1 World Champ
    BANNED

    Jun 23, 2003
    100,524
    Melbourne, Australia
    Full Name:
    Peter
    macquarie up 2.5% today

    was down to <$44 today though *gulp*
     
  17. kerrari

    kerrari Two Time F1 World Champ

    Oct 22, 2004
    24,033
    Coolum Beach AUSTRALIA
    Full Name:
    Karen H.
    Anyone taking shots at low it (MQG) can go? Given a couple of the statements in Weekend Australian, I'd say it could be pretty low. Interestingly, because of the name change, no long term charting is available now - 2005 low was 31.61 but I don't have anything older than that.
     
  18. wrxmike

    wrxmike Moderator
    Moderator Owner

    Mar 20, 2004
    7,674
    Full Name:
    Mike
    Yep, I think lower. The share price of MQG is always going to be more volatile than say CBA, with more up and downside. I suspect MQG shares will be worth less than say CBA shares in the near term.
     
  19. Aircon

    Aircon Ten Time F1 World Champ
    BANNED

    Jun 23, 2003
    100,524
    Melbourne, Australia
    Full Name:
    Peter
    everything on my watchlist is red today.

    i guess that can be expected when ferrari doesn't win a GP.
     
  20. wrxmike

    wrxmike Moderator
    Moderator Owner

    Mar 20, 2004
    7,674
    Full Name:
    Mike
    If only predicting the market were that easy...
    MQG touched $42.95 today, it's lowest since the 10/3 when it touched $43.33

    In between these dates it touched $52.57, so a bit of a roller coaster ride there, up nearly $10, then down again, then who knows where ? I am expecting another interesting week on the markets though.

    M
     
  21. IanB

    IanB F1 World Champ
    Owner

    Jun 15, 2006
    16,224
    Sydney
    IMHO We won't see the bottom of the market for at least another quarter.
     
  22. wrxmike

    wrxmike Moderator
    Moderator Owner

    Mar 20, 2004
    7,674
    Full Name:
    Mike
    Agree, I think there is still plenty more bad news to come out which will drive the market down. Monday in the US market will be telling, the BS bailout on Friday really scared the market, and that's 2 days after they claimed not to have liquidity problems. With recent FED rate cuts not appearing to change the negative market sentiment, I'd be surprised if this weekends emergency rate cut will do any better. And the FED is running out of room to move, it can only go to zero, and then what ?

    http://www.marketwatch.com/news/story/fed-acts-sunday-prevent-global/story.aspx?guid=%7B43265631%2D1656%2D4697%2D8377%2D55F05D859B76%7D&dist=TNMostRead

    M
     
  23. Arvin Grajau

    Arvin Grajau Seven Time F1 World Champ

    Jun 7, 2006
    78,325
    Wurundjeri man.
    Full Name:
    Arvin Grajau
    In Australia the non bank lenders are very tight for money,several have shut there doors ie Bluestone and a few small ones.
     
  24. wrxmike

    wrxmike Moderator
    Moderator Owner

    Mar 20, 2004
    7,674
    Full Name:
    Mike
    Rob,

    You predicted this would happen, I suppose the wholesale funds from O/S have dried up?
    What's your view on the Aussie banks and their exposure to low doc loans ? CBA / NAB/ ANZ ? WBC

    M
     
  25. Arvin Grajau

    Arvin Grajau Seven Time F1 World Champ

    Jun 7, 2006
    78,325
    Wurundjeri man.
    Full Name:
    Arvin Grajau
    its so my boys are saying,plenty of work just hard setting the deals.The majors regarding exposure there looking fine as they often secure loan with property and the debenture over a business.
     

Share This Page