I havent read your posts entirely, but clearly you may not have read mine or even understood it
the comparative nature of our lending standards to others does not constitute "good lending standards"
it simply mean our lending standards are LESS bad than others
they are still lax in my opinion as I think as little as a few % points drop in employment would see the RBA have to drop rates again significantly to save the market once again.
But what is the relationship between the RBA rates and the banks... well I wish someone could explain that to me, there doesnt seem to be any, so maybe this country is very vulnerable to the international cost of money
which only goes to re-inforce my assertion that we do indeed have lax lending standards and should employment drop (or rates rise sharply or both) significantly, it will be shown to be so.
