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Strategies & Market Trends : The Financial Collapse of 2001 Unwinding -- Ignore unavailable to you. Want to Upgrade?


To: elmatador who wrote (544)12/1/2017 3:45:12 PM
From: Elroy Jetson  Respond to of 13775
 
The Australian Reserve Bank is somewhat more pragmatic than the Fed, although nowhere near as active in stomping-out bubbles as when Ian Macfarlane was the Chair. Macfarlane upped required deposits and urged provinces like New South Wales to introduce new punitive real estate taxes on speculators - which they did.

But housing does make up a huge sector of the Australian economy and Australians do like a flutter (a gamble) with negative gearing (leverage).



To: elmatador who wrote (544)12/2/2017 1:54:28 PM
From: John Vosilla  Read Replies (1) | Respond to of 13775
 
Maybe as the yield curve flattened out back in 2014 whereas US remained very steep until Trump became president. But still a decent spread in both countries to cause recession at least near term? Housing of course totally insane most gateway cities has to crack hard or go sideways for at least a generation.. I look at the three largest banks in Canada market cap $300B all just hit all time highs exceeded previous peak three years ago.. Wish I could get more info like I have here in the states. Party on..