A commodity bubble and bust followed by eight years of ’emergency’ rates since, have left a mark on realty markets in producing countries like Australia and Canada.
On the eve of the Federal Budget, Four Corners reports on the white hot issues of housing affordability and negative gearing and the generation left wondering if they will ever own their own home. Here is a direct video link.
More free market evolution to help cut the cross-selling banking conglomerates back down where we need them: as well-capitalized, deposit holding and lending utilities.
It’s being called the financial technology, or fintech, revolution. Lesley Stahl meets some of the fintechies challenging the establishment, seeking to reinvent nearly every aspect of modern banking. Here is a direct video link
There is a common theme evident for those who wish to see reality: Pushing more debt onto heavily indebted borrowers = a bad debt epidemic, not economic growth. This is worldwide.
Chinese banks’ bad loans are at least nine times bigger than official numbers indicate, an “epidemic” that points to potential losses of more than $1 trillion, according to an assessment by brokerage CLSA Ltd.
Nonperforming loans stood at 15 percent to 19 percent of outstanding credit last year, Francis Cheung, the firm’s head of China and Hong Kong strategy, said in Hong Kong on Friday. That compares with the official 1.67 percent. Here is a direct video link.
