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I remember this from the old forum. Then PM Rudd said "earning 250K per year is not alot in some parts of Australia today" How is your local property market doing? Although we forecast 5% falls in the next few years, some pockets in your local market will be resilient. China has been the...

it means we have/own 70% of our 200 billion GDP in Euro banks such as Bankia, Unicredit, etc. If those banks fail we could lose $150 or so Billion dollars. Banks there seriously under threat if Greece leaves the EU.

Curious as to why you left Canada? Cold? Every Chinaman here in SG still wants to go to Canada to eventually enter the US. The world has changed. The last of the boom and bust cycles are ending. The Keynesians have not been able to solve anything - Japan's has 240% public debt to GDP and until...

Well done Australia! I was wondering when you would beat Norway!. Every year, Norway wins it and now they are finally number 2! You guys must be so proud! Australian Sunshine finally beats Norway's freezing temperatures and Salmon! Woo Hooo!

Re: Envy. Greed. Pride. Wrath. Don't fall for Steve Keen again. He recently went head to head with Krugman and it was not pretty. In 2008 Keen predicted house prices were to correct 40%. We expected 10-15% and that was what happened. Now he is back saying property prices are down 5% Year over...

That just scared the bejesus out of me. Saying Social stability is an issue reflects where China is. We know the richest countries are those most stable politically. The thousands of protests occurring daily in China is still the story no one is talking about. We are praying China's slowdown is...

We see more of this among Asians. I wonder in this case what "a little help from parents" means. To the rest of borrowers in Australia, we are seeing some very surprising developments among the banks, high LTV loans of 92%, some even close to 100%. One ING product in Australia allows you to...

Neddy, when was the last time you were in SG? The effects of our 5.7% inflation will shock you.

I go once or twice a year for work. Many ways to get a job - harder to land one without being there- once there get yourself a NYT, on many street corners there is an local employment guide, see a local manpower agency if checking online, see craigslist and others. Many jobs avail, but housing...

Well I have been saying for years now their tax rate is very low - when you factor in how many loopholes they have, you can be very wealthy and pay little tax. There are alot of negatives about the USA, but yes the Wealthy dont pay that much under the current tax code. Look at Mitt Romeny. My...

Surprise surprise. Rents have increased quite a bit since last time I checked (2009). Agree with the shortage of housing issue, we are flooded with data on the housing industry - but most comes from "spruikers", people who have vested interest in the real estate market in AU. Most people in...

why not just rent? Are prices rising? We see a slight price decline last year and a slightly bigger one this year. Next year depends on whats happening in China and the EU. We honestly dont know what the long term trend is, just that in the short term expect the correction to continue.

Goes to show we cant import from the USA where a Bengal Cat goes for US$ 500 from a registered breeder. Show quality cats go for US$ 1200 there so I dont know where S$10,000 is coming from. Other than that I know quite a few dog/cat owners who have been given a lifeline by getting a second...

Re: Emigrating? Think Australia the Lucky Country? No way, now branded "Land of Rip-O The tip of the iceberg. Monetary policy itself has shifted. Look at the US$. Index is at 81. Now look at Gold. If this continues it only means people are running back the USD again. My gut feeling is the EU...

Re: Emigrating? Think Australia the Lucky Country? No way, now branded "Land of Rip-O Uh oh. I remember I used to be the one who talked about cars being 3X the price as US. Since then much has changed. We know Australia is expensive. So is Singapore. We pay alot in Singapore, and our budget is...

Its either printing with high inflation in all nations - except for those goddam Americans - or its debt deflation for all (including those goddam Americans). There is no other way around these two outcomes. Banks are holding the world economy hostage. First they got their way when it came to...

I am starting to really worry about what's coming. Coordinated interventions, lowering reserve ratios, more bailouts........At what point will the powers that be realize its just better to let nature take its course. Let the banks die already. Why are we continuing to reward bad behavior? Why...

Time raise your rents then. More passive income for you....... We are now doubtful the Eurozone can continue much longer. Is the solution to compact it into Eurobonds? but the German People would have to vote for that, which they will never approve hence Merkel's rejection, and other member...

Yes, just like Singapore. Getting very expensive. But at least in Australia I can admire one thing - on paper. Looking at the passage of the mining tax I can only say that your govt there is going to come out the most fiscally strong in the long haul. Increasing revenues to counter increased...

Most wont emigrate out due to fear, in a comfort zone etc. Australia is the most popular because its the closest and they want to have a safety net in case things dont work out, and they can easily come back. The number of Singaporeans going there have dropped since they tightened the...