The media and markets took literally a speech by Reserve Bank governor Ric Battellino yesterday and concentrated on his remarks about mortgage stress, bank lending and credit growth.
Mortgage problems
Popular spending policies not necessarily a good thing
The problem with having popularly elected politicians determining economic policy is that, in economic terms, they generally do a pretty bad job of it.
US financial crisis: There’ll be more ouch
Once again the pressure is rising on world financial markets, especially banks and brokerages in the US as reports of losses and warnings about the intensifying pain from the subprime mortgage crisis continue to grow, reports Glenn Dyer.
Ratings agencies investigated over subprime mess
The role of credit rating agencies like Moody’s, Standard & Poor’s and Fitch in the subprime mortgage mess is going to be investigated by the European Commission, writes Glenn Dyer.
Housing affordability: it’s your own fault
The rising number of individuals seeking to blame the government for their struggling with mortgage repayments signals the death of people taking responsibility for their own choices.
