It looks like Canada is next and will Australia follow as another financial vacuum hits?
The federal government’s First Home Owners Grant and state governments’ ‘free stamp’ duty helped bolster the housing market in Australia; news stories via the main stream media are warning of rent increases, but where do they get the information?
I suspect they [...]
Entries Tagged as 'housing'
America’s Sub-prime Mortgage Time Bomb Went Off
January 14th, 2010 · No Comments
Tags: australia · banks · housing · money · property
Smoke and Mirrors
November 16th, 2009 · No Comments
Everybody must be scratching their heads at how a) the USA economy is in a depression with foreclosures are at record highs (house repossessions) b) exports are almost non-existent and c) many states like California (with the world’s 8th largest economy) only able to pay with IOUs, closures and yet the US stock market is [...]
Government Here to Help – Oxymoron Personified
November 5th, 2009 · No Comments
For the last 15+ years I have actively promoted energy efficiency to all and sundry; I have letters from various local government bodies either write condescending letters or supportive ones, but still inaction has been the order of the day.
Currently I am proceeding towards an Assessors certification under the federal government’s ‘greenloan’ scheme and recently [...]
Tags: alternative energy · housing
Economic Growth Scam & Spin-doctoring Extraordinaire
August 16th, 2009 · No Comments
I’ve been watching the next erosive economic wave build-up as the ‘big bank’s toady’ and current RBA (Reserve Bank of Australia) governor Glenn Stevens comment about lifting rates.
With about as much good judgement as (the USA’s) Alan Greenspan, he is apparently not happy with interest rates at 3% and feels they should be much higher.
Why? [...]
