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About firehawk

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  1. Interesting article suggesting that bank loans are NOT dependent on how much deposits they have on hand. Edit: fixed link
  2. A 20% rise in property prices in one year? Sounds like a blow off top to me. Either that or we are headed for hyperinflation.
  3. Bulls make money, bears make money, pigs get slaughtered.
  4. Don't underestimate how many older mortgages have gone down the "Equity, mate!" pathway and are, therefore, not small.
  5. Please update us on how the sale of this property eventually turned out. I know anecdotal stories do not make a market but they do make for interesting reading.
  6. It's another shoe-shine boy sign. First we have a 23 year old student buying a million dollar first home, albeit with parental assistance. Now, a block of land in Mt. Druitt sells for a million. I, for one, am looking forward to the magnitude of the crash when it finally materializes!
  7. The hallmark of Kevin Rudd was overpromising and failing to deliver. Tony Abbott has specifically said he is going to try to underpromise and overdeliver. Maybe there is some hope.
  8. I suspect Tony will be PM for at least two elections so at least six years. The Liberals may then get a boost from then placing Malcolm Turnbull as leader and continue running government.
  9. The way the polls and the betting odds have been going, it's looking more and more likely that the Coalition will win at least 90 seats in the coming election. So much for the comeback of Kevin.
  10. Therefore, Kevin will only be PM until September 7th. Thankfully, as the government should now be in caretaker mode, he can't spend too much of our money between now and then.
  11. This is reminiscent of the offers that were prevalent in the US when the property prices started dropping after the subprime crash. By offering incentives, the property agent maintains the myth that the prices have not yet fallen... But this is only as good as rearranging deck chairs on the Titanic after it has hit the iceberg....
  12. It will not be long before the property sprinklers claim this is bullish because it will reduce the supply of new housing!
  13. Bill Shorten just declared his support for Kevin and will be voting for Kevin. Sounds more and more like Julia Gillard's time is up! Very interesting times.
  14. Kevin has indicated he will run in the leadership ballot and also that he will not contest the next election if he loses this ballot. Interesting.