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This should have been posted in the economics section. Anyway we now have the 2nd increase in reserve requirements by China out today. You have been warned........

Thanks thats an interesting viewpoint and one i will have to consider. Especially the part about exchange rates. Maybe not devaluation of the yuen, but preventing it from appreciating as it was doing from around 2006-early 2007.

What the hell is this guy ranting on about. First of all a line item of $240 million is didily squart for a company the size of CBA. Whats the movement in their provisions over the last year? i bet its alot more than $240 million. Then he goes on about mortgage funds. Last time i checked...

The answer is 100% unequivocally no questions asked YES. However, and this is the difficult part to answer, what proportional effect will it have? I dont have the answer to this.

Sorry i dont understand the text in blue in between the comments i made. Why did the Chinese government support buying US debt? because they had no choice. Its a circular trade, no buying debt, US debt costs will skyrocket. US debt costs skyrocket, economic conditions deteriorate further in...

Interesting point concerning the increase in reserve requirements by China. There is some institutional chatter at the moment which is quite insightful. It goes something like this: When central banks increase interest rates its like a father at the restaurant dinner table quietly telling...

Thanks for highlighting that article. Interesting reading and the points highlighted are valid. However i dont think its a concern for Westpac. Who cares if they now reduce market share on new loans, they already have a decent share and are in a potentially win win situation. If customers...