Home loan applications hit 9 year low in Australia for June 2010- Get out of debt Now !!!
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@AussieAustrianBlog thanks
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why "Get out of debt now"! Not that i'm in, or saying it's a good thing. Just wonder why people always say that.
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@cityslickeroz The bubble will burst when the growth in the money supply/credit expansion begins to contract alot. Usually this is tied in with significant RBA rate rises, leading to a contraction in lending by commercial institutions etc. P.s. it's good to see some Aussies out there posting video blogs on economic issues which are different from the mainstream propaganda.
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Go4loans encourages Australian first home buyers to get home loan options with maximized LVR at most nominal rates as compared to any other mortgage broker.
visit: go4loans.com.au
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Great video full of truths..
AussiePatriotsParty 7 months ago
@AussiePatriotsParty THANKYOU
cityslickeroz 7 months ago
I agree that govt grants only help encourage malinvestments. But can you clarify what you mean by "deflation"? Are you refering to a contraction in the money supply or falling prices/price deflation? People often get the two confused. I believe that deflation and falling prices are likely in many economies, however, in the long term it is inflation or hyper-inflation that are the ultimate outcomes, ie Argentina. This is because central banks will resort to inflationary monetary policy.
AussieAustrianBlog 1 year ago
@AussieAustrianBlog Hi hyperinflation in Australia would lead to higher interest rates which would in turn deflate or crash the property market cheers
cityslickeroz 1 year ago