Aussie $ collapse, page-52

In Singapore, people use their pension as collateral for housing so it could be done here.

The way the housing is structure wrt Negative gearing, the leveraged to the housing market from the loose private sector debt - gdp, I suspect this investor encouraging tool should be reigned in first. The economy need to be very strong to support a 5% overnight rates and we are just falling into line with the global developed economies much larger than ours (all into the Zero IR game). We are not punching above our weight, just financially engineered to look that way! A very loose rule of thumb to watch is the AUDUSD to a measure of the Oz economy, currently trying to rally off the vwey low base. Perfect to fade rallies.