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RE: Elisa Barwick Reveals The Canary In The Australian Mortgage Bubble Mine Just Died: Be Warned!

in #property7 years ago

Australia and New Zealand's housing industries are in great condition, what are you talking about?

http://www.abc.net.au/news/2017-09-11/500b-dollars-of-liar-loans-in-australia-ubs/8892030

http://www.abc.net.au/news/2016-10-07/mortgage-fraud-systemic-in-australia-ubs-survey-shows/7911978

http://www.news.com.au/finance/business/banking/westpac-anz-investigate-suspected-chinese-foreign-home-loan-fraud/news-story/310603c6bd4bfec7db894539cc738972

http://www.news.com.au/finance/business/banking/mortgage-fraud-is-the-dirty-secret-that-could-spark-a-financial-meltdown-economist-warns/news-story/53bf8bf125b31e39e0d05c61b3f34d06

https://au.finance.yahoo.com/news/overstated-income-30-liar-loans-continue-grow-030518341.html

:D

Look out below!

The double-whammy will come when Australia's export market grinds to a halt after they realize the Chinese were buying raw materials for goods the world didn't want just to keep up the appearance of growth, all piggy-backing on an explosion of Chinese debt backed by their own wild housing and building construction sprees.