tag:blogger.com,1999:blog-5613349802102193582.post826757908897925256..comments2023-12-22T23:56:04.826+11:00Comments on Houses and Holes: Here it comesDavid Llewellyn-Smithhttp://www.blogger.com/profile/01762856583909059662noreply@blogger.comBlogger9125tag:blogger.com,1999:blog-5613349802102193582.post-35615736678878992992010-11-10T10:31:03.697+11:002010-11-10T10:31:03.697+11:00Nice name DP...Nice name DP...David Llewellyn-Smithhttps://www.blogger.com/profile/01762856583909059662noreply@blogger.comtag:blogger.com,1999:blog-5613349802102193582.post-54051604913989355782010-11-10T10:26:14.725+11:002010-11-10T10:26:14.725+11:00Is this not just a bank bailout before they become...Is this not just a bank bailout before they become insolvent? Is there anything to stop the CBA and others securitising all the dodgy mortgages they issued over the last three years, putting the risk onto the Australian state? And will there be any discipline on lenders going forward?<br /><br />Questions, questions, none of which will be answered or even considered by the politicians.damnpascoenoreply@blogger.comtag:blogger.com,1999:blog-5613349802102193582.post-6311157718456425502010-11-10T10:21:48.688+11:002010-11-10T10:21:48.688+11:00Perhaps H4A,
The debate must be having some effec...Perhaps H4A,<br /><br />The debate must be having some effect. It is a nice thought that the people will show the sense clearly absent in its leadership...<br /><br />DavidDavid Llewellyn-Smithhttps://www.blogger.com/profile/01762856583909059662noreply@blogger.comtag:blogger.com,1999:blog-5613349802102193582.post-23754897563842172010-11-10T08:39:12.253+11:002010-11-10T08:39:12.253+11:00Yes, perhaps another piece in the puzzle on why Jo...Yes, perhaps another piece in the puzzle on why Joye is keen to enter a bet on house price movements over the next 3 years....<br /><br />Though I have to the think that his lack of understanding of bubbles will still bring him unstuck..... these measures might have the potential to bring more credit into the market, but if everybody knows it's a bubble (tick, surveys show this) and then people come to understand what that means, that all bubbles pop and thus prices WILL fall (I'm getting the sense that that penny has begun to drop), then it won't matter how much the Government tries to push credit because nobody will want to enter the ponzi scheme.<br /><br />But the devil is certainly playing on his home ground, and with massive information assymetry... how ironic the measures being touted to address that assymetry....homes4aussieshttp://www.homes4aussies.comnoreply@blogger.comtag:blogger.com,1999:blog-5613349802102193582.post-82740832019608531302010-11-09T23:53:23.978+11:002010-11-09T23:53:23.978+11:00Chris Joye has been suggesting this for months. I ...Chris Joye has been suggesting this for months. I can't believe they are listening to his rubbish. He claims its an easy "earner" for the federal govt. Govt debt means more govt bonds, but because its to purchase AAA rated rmbs, its not counted as federal debt as such.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-5613349802102193582.post-63173460769997939812010-11-09T22:32:46.559+11:002010-11-09T22:32:46.559+11:00Someone in Canberra is desperate to prop up the ho...Someone in Canberra is desperate to prop up the housing market....Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-5613349802102193582.post-64231962245591403842010-11-09T22:19:18.683+11:002010-11-09T22:19:18.683+11:00I am staggered that they would want to repeat such...I am staggered that they would want to repeat such a monumental mistake. Is there no one with any brains in Canberra? Either government or opposition?Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-5613349802102193582.post-32855438891716276282010-11-09T22:03:21.278+11:002010-11-09T22:03:21.278+11:00Jesus wept!
"Those who don't learn from h...Jesus wept!<br />"Those who don't learn from history are doomed to repeat it".<br /><br />Now, I can go along with measures to give the smaller mortgage lenders a leg up, but surely there is a better way.<br /><br />Does anyone know the genius in Canberra who is promoting this scheme? I went thru the article in the Australian, but it doesn't identify anyone.Septimusnoreply@blogger.comtag:blogger.com,1999:blog-5613349802102193582.post-91351721669384908952010-11-09T22:03:08.011+11:002010-11-09T22:03:08.011+11:00Excellent post. Thank youExcellent post. Thank youssofarhttps://www.blogger.com/profile/02886567459693579974noreply@blogger.com