At 2.30pm today we discover whether the headline variable mortgage rate in Australia advances from 7.8% to 8.05%, writes Christopher Joye.
Mortgage interest rates
Banks’ actions a danger to the economy
It is possible banks have lent so much to home buyers and investors that any significant tightening in lending standards would lead to not only a massive drop in the banks’ profitability, but also place their solvency in question.
Three likely key drivers for a potential housing correction
If Australian banks are no longer able to service their considerable funding costs overseas, then they will not be able to continue to bankroll the bubble. Can the housing bubble burst? You bet.
Your Say: Daily Mail readers' feedback: Comments, corrections, clarifications, and c*ckups
The NSW Rivers and Foreshore Act … the economy … Jihad Sheilas … Rundle, First Dog and the US elections … Mitsubishi …
Round and round the subprime mess goes, where it stops, nobody knows
Another tough day on world markets. The biggest worry is the $US1,500 billion global asset-backed commercial paper markets, where there was evidence yesterday of an impact in countries previously unaffected, writes Glenn Dyer.
Howard in Iraq — the screenplay
Scene: A secure office somewhere in Baghdad. Iraqi Prime Minister Nouri al-Maliki is seated behind a desk checking the latest casualty figures. There is a knock at the door…
The word from Turd Blossom: Karl Rove’s tips for winners
Sure, after years of being lauded as a political genius, Rove leaves his party in worse shape than he found it, but much can still be learned from the master of the wedge, writes Sophie Black. Crikey has prepared a slim handbook for Rudd and Howard.
