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The 'real' financial wizards took down their employers in one fell swoop. It must be something magical to play with money you don't even own and bankrupt shareholders and almost take down the entire financial system.

Obviously NoCredit thinks he is entitled to a house in Canterbury for $200k.

Ok that was the logical step missing in their argument. They made it sound like the borrow 100k, then keep it and the next day the currency drops 90% and they're mega-rich

That article ignores the very simple point - If I borrow $100k from you and tomorrow the currency drops by 90% - I still owe you $100k. That money I borrowed from you doesn't suddenly become $1m overnight....that's a logical fallacy

Bring on the sharemarket vs property debate! That's one monster that never dies

Tell that to all those businessmen who got absolutely destroyed in the 1990s

Inflation is mainly important for commercial property because rents are based upon it. Residential rents are less elastic to inflation because people don't tend to put up rent from say $600 pw to $624 per week due to 4% inflation. It's more a step-up process

*yawn* do we really need more articles from journalists who don't even have $10,000 to their name?