HSBC China Composite PMI Tumbles To 28-Month Lows As Services Fell (& Rose)

Been using them for years. AU -> NZ, NZ ->China, NZ/AU -> Malta

When brokers are working on a 'co-broke' basis, they are sharing exclusive listings with each other. In a co-broke transaction, one broker will represent the buyer or renter, while the other will represent the owner of the property. The commission is usually split 50/50.

and who owns corporate Australia and pulls their strings..

You dig deeper into these companies and you find a lot of cross ownership in that most have shares in each other through diverse conduits. On the face of it it looks like JPM and HSBC have around…[Read more]

And let me guess they'd be…. don't tell me … don't tell me… Florida and Texas ….right!!……jeez I'm good

Hong Kong banks have loaned 165% of the territory’s GDP to China

Seems McKnight is alluding to the same kinds of things I am …….particularly the Aussie market…

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Hi…[Read more]

I can't be absolutely sure in this upside down world of finance but my gut tells me China may just have had an uh-oh! moment…

China's Credit Pipeline Slams Shut: Companies Scramble For The Last Drops Of Liquidity

…where $1 trillion in credit was created in the fourth quarter alone, that is clearly unsustainable for the simple reasons that…[Read more]

How does exaggeration help your argument? Diverting attention to other discussions doesn't help…[Read more]

You have to stop reading the "Onion" Nigel. All publicly released data is really satire to amuse the masses. When politicians and their agents tell you the…[Read more]

The AU$ is a tough one. Logic says it wall fall against all currencies if China folds but if China folds then many other countries are also in the crapper as well. The US$ is looking like it could take a hiding over the next decade. The…[Read more]

China is the richest country in the world, guess who the western world owes all its debt to? 

China isn't rich. It's one of the most indebted countries in the world. It prints 200+ billion per month trying to keep the ship afloat. Without cheap labor it falls flat on its face.

What A Bank Run In China Looks Like: Hundreds Rush To Banks Following Solvency Rumors

Curious what the real, and not pre-spun for public consumption, sentiment on the ground is in a China (where the housing bubble has already popped and the severe contraction in credit is forcing the ultra…[Read more]

Furious Chinese Demand Money Back As Housing Bubble Pops

With new project prices down over 20%, 'homeowners' exclaim "return our hard-earned money" and "this is very unfair" – who could have seen this coming… "We aren't speculators. We just want an explanation from the developer," said one 35-year-old home buyer, who…[Read more]

''This is a signal worth attention,'' Wang says.

Smart money leaving the sinking ship??

Very apt Joe. In a few years you'll be reminiscing over a beer, "remember the good ol' days when …..".

I don't think I've ever seen a RE markets under threat from so many angles as now.

Export earnings are set to take a substantial hit over the next 12 – 18 months as China…[Read more]

It's early days yet and a sunny day doesn't make a summer. My position on the US hasn't changed. If anything I only see a deteriorating picture emerging as the US appears to be heading towards a recession (in official terms – reality is it's more like a depression in many states). Long term I still see a significant…[Read more]

He's far west NSW. Tough trying to get stuff out that way for sure let alone backloads or anyone going that way. A DIY job if ever I saw one. 

Sounds like you have less than 20 cube so you should be able to hire a 3.5t pantech to do the job yourself. Perhaps have someone who can take your car and drive the hire truck back. Other than…[Read more]

Amazing how you you draw these conclusions.

Social practices simply determines how efficiently a resource is utilised.…[Read more]

If anything it proves my point that you are jumping the gun.

Maybe age has its benefits in some respects. I've been watching this thing for 20 years on and off. The optimists point to all sorts of reasons why this scenario won't play out, however none of their solutions are gaining traction and the situation continues to…[Read more]

Cheers

Jamie

Yeah but the rest of the passengers will luv ya 

Whenever someone, who's livelihood is integrally connected to the industry and who says, "I do it to help people", I just…

'Nasa-funded study: industrial civilisation headed for 'irreversible collapse'?

Although the study is largely theoretical, a number of other more empirically-focused studies – by KPMG and the UK Government Office of Science for instance – have warned that the convergence of food, water and energy crises…[Read more]

haha – you got me there! I'm actually quite worried about it. Going to NZ was hard enough- I don't know how we're going to go with the flights to Europe, especially since she doesn't sit still for a second

Cheers

Jamie

Fly Emirates. They have a stop in Dubia. If the stopover is over so many hours you get accommodation…[Read more]

Picture upload function should be easy.

It's actually easier to upload offsite and simply link it. 95% of my pics/graphics are simply links to referred material but occasionally I'll download a pic, edit it and re-upload to a storage site. An annoying aspect of linking…[Read more]

Sorry for Nothing

NEW YORK – Japanese Prime Minister Shinzo Abe is once again stirring Asia’s cauldron of national rivalries and historical resentments. This time, he has instructed a committee of historians to reexamine the…[Read more]

as for for wages excluding overtime and bonuses falling down – nice way to try and ignore the fact that the total including them has actually gone up, as we've discussed here previously. Please don't make me rehash the same info.

Let me see if I'm understanding you Comrade Ziv. 

The total wages are up but on an individual per…[Read more]

Japan turns more and more into a basket case by the day. The similarity in Argentinean and Venezuelan government last ditch tactics to make economies do what they want it to do is all too familiar. 

When governments start telling business what prices they…[Read more]

Chinese Authorities Halt Virtual Credit Card Payments; Tencent, Yahoo Crashing

I've been buying a few K in stuff out of China through AliExpress for a few months now. About NZ$900 is still waiting to ship. Alibaba (a B2B) hub and AliExpress (a B2P) hub use Alipay to facilitate their hubs. This is like PayPal being…[Read more]

Misery Index Rising to 33-Year High on Abenomics: Japan Credit

My opinion is that some of Freckles comments are heavily biased and do not give investors the full scope. There is no doubting he has a complex understanding of macro economics which is also needed to balance the hype. My feeling is the scales have been unnecessarily weighted in the opposing direction.

The bias is on the…[Read more]

The US is the last market I would be buying RE. You're following the crowd TB. The party's over there. Has been for a while. 

But good luck anyway.

1) Allow a personal loan to be the source of deposit and good luck getting an approval above 90% thru them.

And not aware of any lender that will:

1) Approve a personal loan where the intended purpose is for house deposit. To state another reason and then use for deposit is of course fraud as…[Read more]

Freckle wrote:

If the newbies here get their head out of their guru training manuals for a minute and take a look around they'll find that just about every top tier property investor is deleveraging as fast as they can 

This is a MAJOR assumption and simply not true.. Get outside and take a breath of fresh air.

Well…[Read more]

Freckle wrote:

Honestly, I wish more 'top tier' investors, including Steve, would speak up and give some alternative opinions.

Steve's been ringing the warning bell for the last 18 months. He's even run a few freebie seminars on the subject… where've you been? 

Simple logic. You can over complicate this thing but the reality is you can't grow debt faster than income indefinitely. China has been growing its debt at twice the rate of growth for a decade…[Read more]

Personally I wouldn't use a pers loan for a buy and hold…[Read more]

The GFC woke me up and I started taking a lot more notice of what was going on. By 2010 I saw the writing was on the wall. I projected a timeline some years ago and made plans…[Read more]