http://www.crikey.com.au/2009/11/04/forget-mortgage-holders-every-rate-rise-hurts-business/ now with extra source Sun, 12 Feb 2012 06:22:59 +0000 hourly 1 http://wordpress.org/?v=3.2.1 http://www.crikey.com.au/2009/11/04/forget-mortgage-holders-every-rate-rise-hurts-business/#comment-44070 bakerboy Wed, 04 Nov 2009 07:24:29 +0000 http://www.crikey.com.au/2009/11/04/forget-mortgage-holders-every-rate-rise-hurts-business/#comment-44070 Good article - I'm thoroughly sick of reading about the poor home borrowers and interest rates. They've had a dream run over the past year or so as rates came tumbling down to 'emergency' levels. Any borrower who didn't take this opportunity to keep paying the previous repayments and so reduce the the principal of their loan was an idiot. Business borrowers have had a hard time od it due to the collapse on non-big 4 bank lending for businesses. Also, I read today that, with the very low interest rates, many home borrowers went out and increased their borrowings to buy cars, boats, holidays etc. This is lunacy. I think we are going to see a big rise in defaults in the coming year and just watch who the reckless borrowers blame, the government, of course. Good article - I’m thoroughly sick of reading about the poor home borrowers and interest rates. They’ve had a dream run over the past year or so as rates came tumbling down to ‘emergency’ levels. Any borrower who didn’t take this opportunity to keep paying the previous repayments and so reduce the the principal of their loan was an idiot. Business borrowers have had a hard time od it due to the collapse on non-big 4 bank lending for businesses. Also, I read today that, with the very low interest rates, many home borrowers went out and increased their borrowings to buy cars, boats, holidays etc. This is lunacy. I think we are going to see a big rise in defaults in the coming year and just watch who the reckless borrowers blame, the government, of course.

]]> http://www.crikey.com.au/2009/11/04/forget-mortgage-holders-every-rate-rise-hurts-business/#comment-44051 james mcdonald Wed, 04 Nov 2009 06:14:36 +0000 http://www.crikey.com.au/2009/11/04/forget-mortgage-holders-every-rate-rise-hurts-business/#comment-44051 So the banks deny lifeblood funding to the employers of their home-loan borrowers. Brilliant. More evidence that in spite of their haughtiness, none of the Australian banks would have lasted five minutes in the USA market. So the banks deny lifeblood funding to the employers of their home-loan borrowers. Brilliant. More evidence that in spite of their haughtiness, none of the Australian banks would have lasted five minutes in the USA market.

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