Here are some stats on the Australian housing and Bank situation.
The Big 4 now have 23 trillion in derivatives.
The CBA has the most. Interesting to note that after 2012 the banks stopped posting the amount of derivatives but it has got bigger since then.
It is also interesting to note that the BIG 4 banks have approx 80% of their total banking assets in Mortgages in Australia.
If there is any hiccup in the mortgage market it will seriously impact the big 4 banks. This in and of itself is a dangerous mortgage bubble in Australia. With the world economies the way they are it is affecting Australia and if there is a significant impact on the Australian economy then the Banks are in dangerous territory.
During the 1980's the Australian household debt was about 45% of income.
Since 1990 this ratio has risen to around 159% of income.
