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Why a US-Style Housing Bust & Mortgage Crisis Can Happen in Canada, Australia, and Other Bubble Markets
Why a US-Style Housing Bust & Mortgage Crisis Can Happen in Canada, Australia, and Other Bubble Markets Despite persistent and false memes to the contrary. When a housing downturn gets big enough, there will be a mortgage crisis, and it will hit banks, shadow banks, and mortgage insurers no matter what the mortgage laws are: […]
Australia Looks To Tackle Its Looming Gas Shortage
Australia Looks To Tackle Its Looming Gas Shortage In a strange about-face for the world’s soon to be top liquified natural gas (LNG) exporter, Australia is now considering importing the fuel. On Monday, ExxonMobil, Australia’s top gas supplier, said it is considering importing the super-cooled fuel to help offset an anticipated gas shortage from 2021 […]
City Officials Struggle To Fend Off “Unstoppable Juggernaut” Of Chinese Homebuyers
City Officials Struggle To Fend Off “Unstoppable Juggernaut” Of Chinese Homebuyers As we’ve pointed out time and time again, foreign – mainly Chinese – buyers seeking to park their ill-gotten gains beyond the reach of the Communist Party have – in addition to global capitals like New York City and London – favored a handful […]
How Chinese Investors Inflate Housing Markets in the US, Canada, and Australia, as Governments Try to Stem the Tide
How Chinese Investors Inflate Housing Markets in the US, Canada, and Australia, as Governments Try to Stem the Tide The “waterbed effect” of money flows. Top residential real estate brokerages in the US have been promoting US homes to investors in China for years. Brokerage firms in Canada, Australia, New Zealand, and other countries have […]
Update on Australian oil import vulnerability May 2018
Update on Australian oil import vulnerability May 2018 How well is Australia prepared? The Turnbull government has just started yet another fuel security review. Similar efforts in previous Energy Security Assessments and Senate Inquiries resulted in little action (see earlier articles on this website below). In fact, the government’s latest Budget 2018 contains numerous projects […]
Australians Face Huge Spike in Repayments as Interest-Only Home Loans Expire
Australians Face Huge Spike in Repayments as Interest-Only Home Loans Expire Day of Reckoning: Hundreds of thousands of interest-only loan terms expire each year for the next few years. The Reserve Bank of Australia (RBA), Australia’s central bank, warns of a $7000 Spike in Loan Repayments as interest-only term periods expire. Every year for […]
NSW fuel consumption and high immigration not compatible with CO2 reduction pathways
NSW fuel consumption and high immigration not compatible with CO2 reduction pathways On 12/4/2018 a briefing session of the Greater Sydney Commission (GSC) on recently released planning documents https://www.greater.sydney/greater-sydney-region-plan took place in the Parramatta Novotel. According to the GSC establishment Act 2015 No 56 one of 9 principal objectives is: (e) to encourage development that […]
Australia’s Housing Bubble Finally Popped?
Australia’s Housing Bubble Finally Popped? Australia’s mining towns are getting crushed. Not even Sydney is immune. Perth Investors Fear the Worst West Australia property investors are suffer as the mining slump lingers. Nearly One-Third Losing Money on Resale. A report from property research firm CoreLogic shows one-third of investors in Perth property lost money on […]
NSW coal power maxed out in hot summer (part 2)
NSW coal power maxed out in hot summer (part 2) Part 2 Eraring, Mt Piper, Vales Pt Introduction: The NSW government is selling Snowy Hydro to the Federal Government, thereby demonstrating beyond doubt that it is abrogating its duty of care to transition the energy supply system away from coal to renewable energies. Malcolm Turnbull […]
Australia’s east coast solar generation is replacing coal by only 2% in late summer
Australia’s east coast solar generation is replacing coal by only 2% in late summer This is an analysis of late summer. Data are taken from Open NEM: http://opennem.org.au/# The graphs in this post are a bit different from those on the above website Fig 1: Generation by fuel: 55% black coal, 19% brown coal, 9% […]
Pumped hydro energy storage in Australia – Snowy 2.0 vs. sea water
Pumped hydro energy storage in Australia – Snowy 2.0 vs. sea water To support a 100% renewable electricity sector Australia will need approximately 10 terawatt-hours of long-term energy storage. The multi-billion-dollar Snowy 2.0 pumped hydro project will supply only 0.35 terawatt-hours, a small fraction of this, and conventional pumped hydro potential elsewhere in Australia, including […]
Social Media Censorship Is Vastly More Dangerous Than The Censored Material
Social Media Censorship Is Vastly More Dangerous Than The Censored Material US oligarchs: Russia hacked our election. Public: Uh oh! What should we do about it? US oligarchs: Greatly inflate the military budget, sanction US rivals, and censor dissenting opinions. Public: Umm… aren’t those things you’ve always wanted to do anyway? US oligarchs: Hush. I know […]
Will Australia have a strategic oil reserve before it is too late? (part 2)
Will Australia have a strategic oil reserve before it is too late? (part 2) In part 1 we talked about what action the government is taking to bring Australia back to the IEA 90 days oil stock requirement. What was done so far This website contains the relevant reports: IEA International Energy Program Treaty https://www.energy.gov.au/iea-international-energy-program-treaty […]
Global Growth? Retail Sales Flop in US, UK, Canada, Germany, Australia
Global Growth? Retail Sales Flop in US, UK, Canada, Germany, Australia Consumers unexpectedly threw in the towel in 5 countries but the central banks and the IMF insist everything is fine. On February 14, I noted US Retail Sales Dive, Negative Revisions Too. This will impact both 4th quarter and first quarter GDP estimates. On […]
