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The ATO have once again looked at the Hart Case style scenario, or, as they so lyrically put it. "Can Part IVA of the Income Tax Assessment Act 1936 apply to deny a deduction for some, or all, of the interest expense incurred in respect of an 'investment loan interest payment arrangement' of the...

So, in late 2007 some of us woke up one morning to be told that the RMBS market had..... you know.... closed. This WTF moment was shortly thereafter followed by a HFS! moment when it appeared that global banks suddenly didn't want to lend to each other. Interesting times ensued. The RMBS...

Forum members of a few years standing will be familiar with my regular references to the importance of credit growth in undersanding the Oz property market since the early nineties. Here's today's speech from Battelino which gives a decent perspective of the situation.

Soft, as expected.

About 12 months ago I attempted to post a warning about Bhart Bhushan and his associated entities. Unfortunately, the mods saw fit to delete it and give me a 12 month warning for my trouble. In any case, ASIC eventually got around to getting *some* of the issues sorted. Hopefully...

For those interested.

For those interested: ABSTRACT After falling for over a decade, the major banks' net interest margins appear to have stabilised in a relatively narrow range in recent years. In the early part of the financial crisis, margins fell to the bottom of this range, reflecting an increase in debt...

Is there nothing in existence that religious fundamantalists cannot make worse by opening their mouths

I note Westpac have, in concert with a few other chagnes, limited equity release for Lo Doc to $10K except in the case of a purchase.

Here be the latest one

Finally, proof!

Hot off the press: Here 'tis

QBE's latest view is here: Enjoy

Any of the learned brokers on the forum have a view on Westpac LMI's changes announced y'day?

Dean Baker is co-founder of the Centre for Economic and Policy Research and was a prolific writer on what he saw as the developing RE bubble in the US. It's a fascinating (if long) read but well worth having a look at his research papers starting at the bottom of the page in August 02 :eek...

Can anyone else reconcile the fact that the same people are operating these websites? Can't say I am convinced the first is a great ad for the second: http://takebackyourhome.com.au/page/2/ http://www.webuyhomes.com.au/ Oh, and to add to the wackiness..... http://basicfraud.com

India Could Lose 10 Million Jobs by March Federation of Indian Export Organizations points to recession in North America and Europe, which account for 37% of India's merchandise exports, as root cause of potential job losses. By . Agence France-Presse Jan. 7, 2009 -- At least 10...

Guy who recently completed a book on gullibility got stung by Bernard Madoff. Interesting and frank analysis as to why....... http://www.skeptic.com/eskeptic/08-12-23.html

A mortgage insurer's thoughts on the refinancing caper.... http://www.genworth.com.au/cms/groups/webcontent/documents/spotlight/p_000561.pdf

I'm Not One Of Those 'Love Thy Neighbor' Christians Everybody has this image of "crazy Christians" based on what they hear in the media, but it's just not true. Most Christians are normal, decent folks. We don't all blindly follow a bunch of outdated biblical tenets or go all fanatical...