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**Soadiassy** · 05-06-2010, 06:45 PM

Yo AKK,

Ya worrying too much.. You have no idea how tight the banking/lending market here.. unlike US, Australia banking system practice prudent lending.. They will lend you a penny, if you have a thousand.. They will lend you thousand, if you have a million dollar house for them. This is why developers cannot build enough coz local banks refused to lend more..

The ever biggest financial crisis can't cripple Australia, I dunno what else can.. US is the next biggest trading partner, apart from China.. Euro has little impact to Australia, IMHO.

I have placed all my bets in Australian stocks.. I am gaining few pennies along the way.. Soon ASX will reach its glory days - 6500 pts and beyond..

Great tips for you

Hi All

The Greece crisis has commenced to take an effect on stock market around the world. In my opinion, this will become a contagion effect and will spread to all weak financial European countries. With US economy limping along and the EU crisis, the world economy will affect China and Asia in general. This will affect Australian economy in general, employment, stock market and finally realestate. I am predicting that the housing prices will be affected substantial and I think this will be opportunity when it strikes Australia.

Please let me know of your opinion. All opinions are welcome.

Regards
AKK

05-06-2010, 06:45 PM	#2
Soadiassy Join Date Oct 2005 Posts 420 Senior Member	Yo AKK, Ya worrying too much.. You have no idea how tight the banking/lending market here.. unlike US, Australia banking system practice prudent lending.. They will lend you a penny, if you have a thousand.. They will lend you thousand, if you have a million dollar house for them. This is why developers cannot build enough coz local banks refused to lend more.. The ever biggest financial crisis can't cripple Australia, I dunno what else can.. US is the next biggest trading partner, apart from China.. Euro has little impact to Australia, IMHO. I have placed all my bets in Australian stocks.. I am gaining few pennies along the way.. Soon ASX will reach its glory days - 6500 pts and beyond.. Great tips for you Hi All The Greece crisis has commenced to take an effect on stock market around the world. In my opinion, this will become a contagion effect and will spread to all weak financial European countries. With US economy limping along and the EU crisis, the world economy will affect China and Asia in general. This will affect Australian economy in general, employment, stock market and finally realestate. I am predicting that the housing prices will be affected substantial and I think this will be opportunity when it strikes Australia. Please let me know of your opinion. All opinions are welcome. Regards AKK
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