Catweasel laugh. It might be a correlate to a Rolling Stones bank account but it not prove any a relationship or a causation. Further the more, the difference up to a 14% and it called a correlation? What about a covariance or r value? It a completely meaningless from a research perspective without.
Only business spending is going up and the overwhelming majority of that is in the mining, mining construction and mining engineering areas. That's about 3/5 of 5/8 of SFA of the wider economy.
Bears like wulfgar last year claimed that M3 was important, was "tanking", and growth was about to go negative. They appear to have forgotten about it now it's risen for everyone of the last 7 months. They never mention it any more.
Bears like wulfgar last year claimed that M3 was important, was "tanking", and growth was about to go negative. They appear to have forgotten about it now it's risen for everyone of the last 7 months. They never mention it any more.
Catweasel laugh. Some a mouse argue a natural the disaster a good (except for a mouse drowned). Mouse brain tend a focus on thing that reinforce its a positive emotion while selectively block a one that triggers negative emotion. A cognitive dissonance tend to cause outward expression of emotion, like a Strindbag mouse tend a do. It nothing be ashame of but a useful to understand how mainstream interpret a news. Another interesting a observe is emotion trigger bucketing between a bear and bull cults. This the great example of a herding but a catweazel think a success of a Inside Job at Oscar see a many join a bear cult. Hope a many Aussie nouse the see but expect a very low.
Catweasel say it a interesting what a guru the say about about a credit growth. Very the different from the zealot mouse. How can it be?
Macquarie Bank senior economist Brian Redican notes that this is half the average rate of credit growth for the past 15 years.
He said that, allowing for inflation, house prices could be falling at an annual rate of close to 5 per cent. "People are borrowing less, having seen in the global financial crisis the danger of taking on too much debt," he said. "At the same time, the influx of the baby boomers into the housing market from the 1990s through to 2005 has probably run its course. They seem to have been the key cohort supporting housing prices.
"The banks are also taking a more cautious approach to lending, requiring larger deposits, longer savings history and a greater scepticism about the valuations of properties."
"The banks are also taking a more cautious approach to lending, requiring larger deposits, longer savings history and a greater scepticism about the valuations of properties."
"larger deposits"? He doesn't know his arse from his tit. Hot off the press:
Quote:
Westpac Increases Lvr To 95% Plus Lmi Effectively 97% LVR Posted Yesterday, 01:45 AM "Good morning - more positive news from Westpac!
Effective immediately we've increased the maximum LVR for new to bank customers from 90% to 95% (plus LMI capping to maximum 97% LVR). Maximum loan sizes in this higher LVR range have also increased which will locally see maximum lend against an individual property capped at $500,000 (+$100,000).(no capping above $500k)"
the above is a copy of the email that I have just received. Westpac has now joined the CBA and others in offering what is close to the LVR limits pre GFC.
No 100% loans in sight though. This post has been edited by Peter Fraser: Yesterday, 01:46 AM
They take rent paid now as evidence of savings too.
"larger deposits"? He doesn't know his arse from his tit. Hot off the press:
They take rent paid now as evidence of savings too.
Catweasel laugh. OK, the good. It a know what a happen when its a emotional ledger in a deficit. Can imagine a mice lining up down a street for all a new money.
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