Aussie Home Mortgage Crisis: No Jobs, No Pay!, page-21

anyone interested in this thread should also watch the cec report.. which is on channel 44 in west Australia and channel 31 in some other states.. also look on youtube.

on the show they often talk about mortgage stress, and the potential for economic doom. it seems the present day circumstances are considerably worse than the conditions which prevailed at the time of the gfc.

the last show that watso looked at mentioned the link between bank lending and house prices … something called the debt (?) accelerator was mentioned .. anyway high volume of lending (a leading indicator) = increasing house prices, and when lending falls then house prices fall.. .

it seems that josh frydenberg and some other minister (forget which one - but a female in some finance related portfolio) both worked for deutsche bank - and it has been mentioned that the collapse of this bank could set off another crises. the people at deutsche sure know all about finance considering that the share price has dropped from over $100 to about $7 in the past couple of years... shorters would have made a fortune

with a bit of luck frydenberg and the other minister only worked as low paid janitors at the bank because no one could remotely trust the business acumen of the highly paid finance people