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Why Fitch is Wrong About Australia’s Banks

Posted on October 13th, 2010 in aus, aussie dollar, banks, billion, cent, housing, LVR, Market News, micro cap, money, penny shares, penny stock picks, pennyhopefuls, perth, RBA

Hogwash! There’s a few other words we could use, but that’ll do for now. The boys and girls at Fitch Ratings have given Australian banks the all-clear. According to Bloomberg News, “Australia Can Handle Worst Mortgage-Loan Defaults, Fitch Stress Test Shows”. Well that’s alright then. Bloomberg reports that: “Banks would see a maximum A$10 billion [...]

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Market News This Week

Posted on September 23rd, 2010 in aus, aussie dollar, cent, LVR, Market News, Market News this Week, micro cap, penny shares, penny stock picks, pennyhopefuls, perth

No bubble here…
Yep, yet again the same old articles telling you everything is okay with our property sector, have hit the papers again.
In fact, this one must have fired many of our readers up, as within hours of the article being posted on the web, the Money Morning inbox had received about ten emails, begging [...]

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Market News this Week

Posted on September 16th, 2010 in aus, aussie dollar, cent, LVR, Market News, Market News this Week, micro cap, penny shares, penny stock picks, pennyhopefuls, perth

Banks return to their reckless lending ways.
Right now, Kris is on a plane from Baltimore to Boston, so he won’t be joining you for Money Morning today.
But he will return next week with all of the highlights from his trip. And yes, we may even be subjected to another cheeseburger rating!

***
Those ‘bad’ Australian banks are [...]

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Ratings Agencies Reveal Real Risk of Banks

Posted on December 14th, 2009 in AAA rating, aus, aussie dollar, australian banks, Australian Office of Financial Management, australian small cap investigator, Australian stock market, bhp billiton, cent, Commonwealth Government, home loans, LVR, Market Intelligence Strategy Centre, Market News, micro cap, MISC, mortgage backed securities, perth, Reserve Bank of Australia, RMBS, Standard & Poor's, Westpac Banking Corporation

We’re still beavering away on the December issue of Australian Small Cap Investigator this morning. But we’ve just enough time to take a break and knock out today’s edition of Money Morning.
We were heartened by news yesterday that Standard & Poor’s (S&P) had given an AAA rating to $920 million worth of residential mortgage-backed [...]

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Australia’s Mortgage Insurance Time Bomb

Posted on August 18th, 2009 in ABS, aus, aussie dollar, Australian banking system, banks, cba, cent, construction boom, David Koch, gas supply, Gorgon, housing market, insurance, Liquefied Natural Gas, LMI, lng, LVR, Market News, micro cap, mortgage, perth, property crash, property market

Before I get on to today’s subject, a quick note about a cornerstone development in Australia’s liquefied natural gas (LNG) industry.
You may have seen the press reports about China signing a $50 billion deal for a gas supply from the Gorgon field off Western Australia.
The great thing is, this is just the tip of the [...]

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