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RBNZ throws cold water on RBA – macrobusiness.com.au
What should be clear…… is that the growth in Australian housing values has been funded, to a large extent, by foreign borrowings, much of it short-term. A key risk going forward is that the banks’...
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Australia and the Endgame
John Mauldin: We wrote about Australia in a full chapter of Endgame. Their economy never really suffered in the recent debt crisis, in large part due to their growing housing market and their trade...
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APRA waves wet lettuce at bank offshore funding | MacroBusiness
From Leith van Onselen at Macrobusiness: …..the banks’ reliance on offshore funding hit an unprecedented 54% of GDP in the December quarter: As always, the key risk is that the banks’ ability to...
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