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Australia's risk of recession? House of cards? (Read 3622 times)

longweekend58

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Re: Australia's risk of recession? House of cards?
Reply #30 - May 26^th, 2015 at 12:56pm

Svengali wrote on May 26^th, 2015 at 12:14pm:

longweekend58 wrote on May 26^th, 2015 at 12:04pm:

Svengali wrote on May 26^th, 2015 at 10:28am:

Secret Wars wrote on May 25^th, 2015 at 9:41pm:

I was addressing the differences between the markets, to break it down, because you seem to getting lost in details. A major difference was government entities guaranteeing loans for people who otherwise could never get loans who could walk away from those loans.

That is a big difference.

Same has been happening in Australia over the past 10 years. RBA had to impose in Australian banks to tighten their lending policies to avoid creating a bow wave of default in case of a recession.

it was Keating and Costello with their banking reforms that really saved Australia from the worst of the GFC.

Australia was just lucky it was too small to be of interest to the giants of international finance manipulation, otherwise the disease would have spread to Australia.

cue conspiracy theory and paranoia.

get some new meds.

AUSSIE: "Speaking for myself, I could not care less about 298 human beings having their life snuffed out in a nano-second, or what impact that loss has on Members of their family, their parents..."

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Svengali

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Re: Australia's risk of recession? House of cards?
Reply #31 - May 26^th, 2015 at 7:43pm

longweekend58 wrote on May 26^th, 2015 at 12:04pm:

Svengali wrote on May 26^th, 2015 at 10:28am:

Secret Wars wrote on May 25^th, 2015 at 9:41pm:

Same has been happening in Australia over the past 10 years. RBA had to impose in Australian banks to tighten their lending policies to avoid creating a bow wave of default in case of a recession.

it was Keating and Costello with their banking reforms that really saved Australia from the worst of the GFC.

It was more than that. Australia was experiencing inflation and interest rates were much higher than other countries which allowed much greater stimulus from interest rate reductions.

Also, Australia's finances were strong from 17 years of uninterrupted growth.

Yes, banking regulation was helpful, however it was just one factor in the outcome.

We first fought the heathens in the name of religion, then Communism, and now in the name of drugs and terrorism. Our excuses for global domination always change.
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