Australian sub prime mortgage market.

who's?

 

i'll dig up the thread...give me a little time.

 

i don't think anyone gives a ****. you just can't see that. you tried and failed again as usual.

 

Have to agree; but I wouldn't be brave enough to go out and borrow a lazy $10 million to splurge on depressed assets. Still plenty of Downside risk in the short term. You need a long term outlook and CASH to play IMHO.

 

those who want 100% guarantee on their cash need to stick it in the bank at 2%, and work till they are 100.

 

that'd be a first if that ever happened. (not that i know what you're referring to, mind you)

 

just do it! scud says it's a good idea...so it must be so. where's his quote about macquarie again? the guy's switched on, i tell you.

 

is that the same group of smart asses told us aussie dollar be 1:1 with USD 6 month ago?

from the trend it seems like our dollar reflect directly to the price of raw materials, steel and oil price has been steedy for the past few weeks and no major changes in dollar value.

i think the norm for our aussie dollar should be 0.7 -0.75-ish anyway, so technically we are not all that far off the mark. for aussie $ to go down 0.46, unless if the USD surge against all currency, raw material would have to slump another 30%, i seriously can't see that happening.

 

Im with you boys on this one!

I WISH I could borrow $10 mill to buy up more property!

 

cash is king.

 

hmmmmm... a healthy financial management of personal wealth and plenty in reserve is king.

cash is just the by-product of the above

not that i know much about, i got no savings anyway

 

wtf??

 

how much you paid for those chinese charactors?

 

what do you reckon?

 

it'd better be free

 

Yep, I agree

There are certainly good deals emerging in property and shares, but the balance of probability suggest the trend is still down. Even though things are cheaper than 12 months ago, that doesn't rule out further falls.

I know of several people who bought in to the share market in July / August because stocks were "good value" when compared to the October 2007 highs but who have lost 50 % of their investment in the past 4 months.

Many businesses are hanging on for a good christmas trading season, and if this does not happen, we can expect to see the ramifications in the first 3 months of 2009.
In many ways, the falls in the share market over the past 12 months has only started to be felt in the "real economy" in recent months, the next 6 months will provide a clearer picture of the magnitude and breadth of those effects.

M

 

Isn't that what the economics professor was predicting a month ago as well ? What was his name ? You were going to email him about house prices.

Anyway, it's possible. It should push the share market up, as investors chase higher returns than the bank bill rate.

The rates in the rest of the world are already much lower than OZ. It remains to be seen if low interest rates stimulate consumer spending though, becuase if people are worried about their jobs, they wont' borrow money, even if interest rates are really low, or buy houses if the prices continue to fall.

Its also the availability of cheap credit to NINJA borrowers in the USA that started this mess in the first place.

M

 

It sure is!

And you certainly have plenty of it.

Yep, probably right there mate!
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licking lips...

 

Shhhh!
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good lookin' dude.