Should children play with interest-only fireworks?

Investor interest-only loans are a key risk factor threatening to destabilize Australia’s mountain of private debt, according to investment firm Standard Life Investments, a keen observer of interest rates. IO loans are often associated with thin equity buffers, risky...

Property big short is long on price

A letter in today’s Australian Financial Review by Dr Philipp Hoflin, a member of Lazard Asset Management’s equities team soberly expresses the discomfort among sharemarket investors about the Giant Australian Land Bubble. Property big short is long on...

See The Big Short, talk about The Big Short

Based on Michael Lewis’s 2010 book, The Big Short is a critically acclaimed film about Wall Street in the lead-up to the 2008 Global Financial Crisis. “This business kills the part of life that is essential, the part that has nothing to do with business” – The...

Oz takes Gold! Go you Good Thing!

Last week, Philip Soos announced Australia had achieved global leadership in an exciting new arena: “Australian households have more debt compared to the size of the country’s economy than any other in the world.” According to LF Economics, we seized this dubious...

Judgement Day arrives for illegal foreign buyers

reposted from Macrobusiness by Leith van Onselen Today is 1 December, which means that the amnesty on illegal foreign buyers of Australian residential real estate is over and the Government’s new penalty regime comes into effect. From today, a foreign national that...