Bobby. wrote on Mar 19
th, 2017 at 10:51am:
Ajax wrote on Mar 19
th, 2017 at 10:47am:
Housing market crashes, Australia will have its own recession and it will be BIG, bigger than 2008 which in retrospect we hardly felt.
Bottom line housing crashes we're farked....!
People have been saying that the market would crash for 17 years
& it hasn't.
The problem is those cants the bankers, the ones above CEO's and boards have deliberately loosened the money supply during a period of low interest rates.
Now of their own backs they have decided to raise interest rates, the RBA hasn't raised the rates, they are doing it of their own backs.
If it crashes and we go into a recession we can all thank our government for giving them free reign to do whatever they want.
They caused the 2008 GFC and they will be responsible for our next recession in Australia all with the blessing of our government who have lost the power to control these hungry maggots with a bottomless pit for a stomach.
NAB and Westpac have raised their rates others will follow and then we have to wait and see what happens next quarter.
Australia needs her OWN commonwealth bank....!!!
It's the only way we can hope to control these parasites.