the credit crunch arrives in oz

Hey Gobbo,

Remember all your denials about the credit crunch? Won't happen here - no, no - this isn't America, sonny.

Got news for you, mate: IT'S HERE!!!!!


Source: Reserve Bank of Australia

If the banks are nervous about lending to each other, how do you think they feel about lending to property developers?

Tick, tick tick. ALZ has to update the market about how they're funding their record project volumes soon.

Ehehehehehahahaaaa!!!