Australian sub prime mortgage market.

lol. If that was my pay there'd be an F40 in my garage. I was PAYG at that time.

BTW, where did Kelsa's post go?

 

OMFG, i think i accidentally deleted it..

you're quite right B27, the quality is there, but the problem is once again - mentality. majority of them cut corners, find alternatives and find money into their own pockets. Hence why i'm determined to go back and set it up myself. It'll take a few generations to change this mentality. culture revolution really f'ed up some heads in china.

 

CHINA has announced its most important response to the global financial meltdown - to return to its reform path, after a period of cautious conservatism.


Its sweeping land reforms for the country's farmers are intended to galvanise economic growth and consumer demand among the rural population of 740 million.

They will now be allowed to "subcontract, lease, exchange or swap their land-use rights," or to consolidate their farm land with others within shareholding agri-businesses. The crucial change is in land use rather than ownership, which remains collective.

This will make the farmers themselves the prime actors in land deals rather than local government officials, whose secret transactions have triggered, especially in southern China, frequent "mass events", protests that arouse considerable anxiety in Beijing.

Micro-credit institutions will also be encouraged, through a lowering of the threshold for establishing rural financial institutions. The China Banking Regulatory Commission pledged to fast-track sufficient approvals to almost double such bodies, to 100, by year's end.

And government banks - which dominate China's financial sector - are being told to steer more credit to rural development, an easy enough step since, despite considerable rhetoric about banks becoming market-focused, "policy loans" remain ubiquitous.

China was keenly awaiting such details following the announcement in general terms of a long-awaited rural reform package, agreed at a central committee plenum involving all China's top leaders, which concluded nine days ago.

 

Just heard that GE are stopping mortgage lending through third parties and also stopped business funding and car finance. In NZ 1 in 6 people have a GE loan of some sort, pretty powerful stuff if they pull here too.

 

so its Liberty, Liberty or Liberty?

 

anybody buy MQG at $25 yesterday?? what a great way to make easy money.

 

Nope, but seems like GREAT buying doesnt it?

 

esp if sold today for a quick and easy profit.

might keep going up, but who cares? where else can you get a return like that?

not sure i'd ever have the confidence in them to hold long term...but then, i'm a chicken.

 

Well, at least you HAVE dabbled in shares........I certainly havent.

 

No, but had some BNB & FMG .

It's been nearly 12 months since the peak of the market on 1/11/07 @ 6873, market is at 3856 today, that's a pretty big drop, I don't think the volatility has finished yet.

M

 

under 2500???

why u say that?

 

I'm not that pessimistic, I have heard predictions of 3300 -3400, with a rally up before it finally drops to that number. Maybe Rob should start a poll ?

M

 

of course it is.as long as you can afford not to sell if/when it drops further and are happy to wait. in a few years buying at today prices can ONLY end up being a big earner, history would dictate.

 

KIAPP

 

i should be able to find time.....just for you, of course.

what about megan?

 

Just part it out