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‘Concentrated Risk’ Threat to Aussie Banks
From Contrarian Investor’s Journal: We must confess, we are getting more and more nervous about the potential for a Black Swan hitting the Australian economy. Particularly, we are looking at a...
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Aussie Banks To Cut Lending, High Risk
From the Sydney Morning Herald: Banks could be forced to curb sales of mortgages after a feeding frenzy on housing over the past 18 months has seen their exposure to the property market hit record...
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Aussie Banks In Market Crosshairs
The markets have begun lining up Australia’s banking system in the crosshairs. How do we know? Late last week, the spreads on credit default swaps (CDS) for Australia’s banks widened the most of all...
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Tick Tick Tick – Aussie Banks’ $15 Trillion Time Bomb
*This post follows up on my August 2010 post, “Aussie Banks’ $14.2Trillion Time Bomb”. Please read the article for detailed background to this update. How safe are Australia’s banks? Previously we saw...
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By Hook Or By Crook – Moody’s Says Our Banks Are Too Big To Fail
Australia’s Big Four banks have all just received a credit rating downgrade by ratings agency Moody’s. From the Sydney Morning Herald: Moody’s Investors Service has downgraded the long-term debt...
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Fresh Evidence Our Banks In ‘Race To The Bottom’ Means You Can Kiss Your...
From news.com.au, 7 June 2011: Fresh evidence is emerging of a “race to the bottom” among banks and other lenders as demand for mortgages slides and competition boils over. Lenders are increasingly...
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I Was Right – Our Banks Begin Preparing Carbon Derivatives Market
It did not take long. Just 3 days. From Business Spectator (emphasis added): Australian banks are eyeing opportunities to cash in on the proposed carbon tax by developing new financial products and...
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It Begins – Opposition Takes Up The Fight Against The Bankster Class
At last, dear reader. It begins. The Opposition beginning to highlight the real purpose behind the global push for trading “hot air”. The enrichment … and further empowerment … of the global bankster...
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Starve The Beast
In observing the “Occupy” movement now growing around the Western World, your humble blogger recalls an old wisdom story, attributed to a Native American elder: “Inside of me there are two dogs. One...
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Westpac, NAB Survive On US Federal Reserve Life Support
BREAKING NEWS UPDATE: Aggregate balance of US Fed loans to Westpac = USD87.52 billion, NAB = USD378 billion (csv file 1e_Fed Dated Estimated Income Ranking Text Only) From Bloomberg: Fed’s once-secret...
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