4 ms·
I doubt our banks are as safe as everyone says. Our housing market, by many measures is in a much bigger bubble than where the US got to and I'm convinced this
by math 16y ago
I doubt our banks are as safe as everyone says. Our housing market, by many measures is in a much bigger bubble than where the US got to and I'm convinced this is not due to supply demand fundamentals (as most people have been brainwashed into) - plenty of research out there as to why. We haven't seen bad times for 20 years. When we finally do (and there are people like Jim Chanos out there right now shorting China Property, i.e. Australian resources), that is when the swhtf. Our banks have massive exposure to mortgages. Not that many need to go bad before our banks are in trouble.