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Tag Archives: australia
Australia’s Housing Bubble: In the Grip of Insanity
Australia’s Housing Bubble: In the Grip of Insanity Perverse Incentives We haven’t written about Australia’s residential real estate bubble for some time (readers may want to check out last year’s post “Australia’s Bubble Trouble”, which contains numerous relevant charts and data). Property auction in Sidney Our friend Jonathan Tepper of Variant Perception has recently visited […]
Signs of Mortgage Meltdown in Australia
Signs of Mortgage Meltdown in Australia “Not a question of if but when there will be a mortgage crisis.” Real estate is local – until it isn’t. Cities have their own housing bubbles that implode on their own time. But once contagion spreads to mortgages and banks and infects confidence of real estate investors and […]
Wikileaks Releases Proof Of NSA Spying On Merkel, Netanyahu, Berlusconi And Others
Wikileaks Releases Proof Of NSA Spying On Merkel, Netanyahu, Berlusconi And Others In a shocking new set of cables released by Julian Assange’s Wikileaks organization, highly classified documents show that the NSA bugged meetings between UN Secretary General Ban Ki-Moon’s and German Chancellor Angela Merkel (over climate change); between Israel prime minister Netanyahu and Italian prime minister Berlusconi (begging for […]
Deutsche Bank Is Scared: “What Needs To Be Done” In Its Own Words
Deutsche Bank Is Scared: “What Needs To Be Done” In Its Own Words It all started in mid/late 2014, when the first whispers of a Fed rate hike emerged, which in turn led to relentless increase in the value of the US dollar and the plunge in the price of oil and all commodities, unleashing […]
Helicopter Money Arrives: Switzerland To Hand Out $2500 Monthly To All Citizens
Helicopter Money Arrives: Switzerland To Hand Out $2500 Monthly To All Citizens With Citi’s chief economist proclaiming “only helicopter money can save the world now,” and the Bank of England pre-empting paradropping money concerns, it appears that Australia’s largest investment bank’s forecast that money-drops were 12-18 months away was too conservative. While The Finns consider a “basic monthly income” for the entire […]
No glut in Australian petroleum inventories
No glut in Australian petroleum inventories The Australian Capital’s daily newspaper Canberra Times started the New Year by reprinting an article of the Daily Telegraph referring to an abundance of oil – without checking whether this also applies to Australia, especially after a year of political football games between a Senate committee and energy bureaucrats on one […]
Brave New World of Bank Bail-Ins As Of January 1st
Brave New World of Bank Bail-Ins As Of January 1st On January 1st, 2016, the new bail-in regime became law putting at risk the deposits of savers and companies in the EU. EU countries join the UK, the U.S., Canada, Australia and New Zealand in having plans for bail-ins in the event of banks and other […]
Australia Cannibalizing its own Economy
Australia Cannibalizing its own Economy The Australian Tax Office (ATO) has applied to access to everything to hunt for money. They want access to phone calls, emails, posts, and SMS text messages. We have verified this with several sources. Like Rome, Australia is cannibalizing its own economy. They will succeed in destroying Western civilization and when […]
Food Standards Australia and New Zealand on the Brink of GM Decision
FOOD STANDARDS AUSTRALIA AND NEW ZEALAND ON THE BRINK OF GM DECISION Food Standards Australia and New Zealand (FSANZ) is in the midst of making a critical decision that could impact what you know about your food in the future. The question at hand is whether or not certain new techniques used for plant propagation […]
Freak storm rips though Sydney with tornadoes, flooding, hail, 200kph winds (PHOTO, VIDEO)
Freak storm rips though Sydney with tornadoes, flooding, hail, 200kph winds (PHOTO, VIDEO) © Kang Seblak / YouTube A destructive storm has hit Sydney, Australia, bringing tornadoes, flooding, golf-sized hail stones, and up to 213 kilometer per hour winds, which caused serious damage, triggered evacuations, and trapped people indoors. A Sydney suburb was labeled a […]
Oil Producer’s Currencies Are Collapsing As Brent Breaks Below $40
Oil Producer’s Currencies Are Collapsing As Brent Breaks Below $40 Not helped by weakness in China trade data, questions over global growth and inflation expectations are growing. Oil-exporting nations (and growth-linked currencies) are getting monkey-hammered… Just when traders thought the bottom was in… As Reuters notes, with lower oil prices likely to add to global deflationary […]
It Begins: Desperate Finland Set To Unleash Helicopter Money Drop To All Citizens
It Begins: Desperate Finland Set To Unleash Helicopter Money Drop To All Citizens With Citi’s chief economist proclaiming “only helicopter money can save the world now,”and the Bank of England pre-empting paradropping money concerns, it appears that Australia’s largest investment bank’s forecast that money-drops were 12-18 months away was too conservative. Over the last few months, in a prime […]
Australian Housing Illusion Set to Burst
Australian Housing Illusion Set to Burst Possibly driving an already weak economy into recession. Every day, we have investment banks and others telling us that the Australian housing party is over. Estimates for price declines over the next year or so vary from 7.5% to a plunge of 25%. Even the Reserve Bank of Australia […]
Disaster waiting to happen’: ‘Dustbin ship’ with 25 tons of nuclear waste heading to Australia
Disaster waiting to happen’: ‘Dustbin ship’ with 25 tons of nuclear waste heading to Australia The general cargo ship BBC Shanghai © Tvabutzku1234 / Wikipedia A ship carrying 25 tons of nuclear waste has departed from France bound for Australia, despite environmentalists sounding the alarm. The critics say the ‘dustbin ship’ is not fit to […]
