{"id":13111,"date":"2016-04-08T00:14:51","date_gmt":"2016-04-08T04:14:51","guid":{"rendered":"http:\/\/goldstocksforex.com\/?p=13111"},"modified":"2016-04-08T00:14:51","modified_gmt":"2016-04-08T04:14:51","slug":"apra-waves-wet-lettuce-at-bank-offshore-funding-macrobusiness","status":"publish","type":"post","link":"https:\/\/thepatientinvestor.com\/index.php\/2016\/04\/08\/apra-waves-wet-lettuce-at-bank-offshore-funding-macrobusiness\/","title":{"rendered":"APRA waves wet lettuce at bank offshore funding | MacroBusiness"},"content":{"rendered":"<p>From Leith van Onselen at Macrobusiness:<\/p>\n<blockquote><p>&#8230;..the banks\u2019 reliance on offshore funding hit an unprecedented 54% of GDP in the December quarter:<\/p>\n<p><a href=\"http:\/\/www.macrobusiness.com.au\/2016\/04\/apra-waves-wet-lettuce-at-bank-offshore-funding\/\"><img data-recalc-dims=\"1\" height=\"320\" width=\"525\" decoding=\"async\" class=\"alignnone size-full\" src=\"https:\/\/i0.wp.com\/thepatientinvestor.com\/wp-content\/uploads\/2016\/04\/screenhunter_12341-mar-29-15-40-660x402.jpg?resize=525%2C320&#038;ssl=1\" alt=\"\" \/><\/a><\/p>\n<p>As always, the key risk is that the banks\u2019 ability to continue borrowing from offshore rests with foreigners\u2019 willingness to continue extending them credit. This willingness will be tested in the event that Australia\u2019s sovereign credit rating is downgraded (automatically downgrading the banks\u2019 credit ratings), there is another global shock, or a sharp deterioration in the Australian economy (raising Australia\u2019s risk premia).<\/p>\n<p>The Federal Budget, too, is now hostage to the banks\u2019 offshore borrowing binge as it cannot borrow to spend on infrastructure or other initiatives for fear that Australia will lose its AAA credit rating, potentially leading to an unraveling of the private debt bubble created by Australia\u2019s banks.<\/p>\n<p>That APRA could stand by and allow the banks\u2019 to borrow externally like drunken sailors is a hallmark of regulatory failure.<\/p><\/blockquote>\n<p>One in four dollars of bank assets is funded by offshore borrowing. A precarious position even for a stable economy (like Ireland?), let alone one hitched to the boom and bust commodity cycle. Smacks of moral hazard by the banks.<\/p>\n<p>Source: <a href=\"http:\/\/www.macrobusiness.com.au\/2016\/04\/apra-waves-wet-lettuce-at-bank-offshore-funding\/\">APRA waves wet lettuce at bank offshore funding &#8211; MacroBusiness<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>From Leith van Onselen at Macrobusiness: &#8230;..the banks\u2019 reliance on offshore funding hit an unprecedented 54% of GDP in the December quarter: As always, the key risk is that the banks\u2019 ability to continue borrowing from offshore rests with foreigners\u2019 willingness to continue extending them credit. This willingness will be tested in the event that &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/thepatientinvestor.com\/index.php\/2016\/04\/08\/apra-waves-wet-lettuce-at-bank-offshore-funding-macrobusiness\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;APRA waves wet lettuce at bank offshore funding | MacroBusiness&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[40,31],"tags":[214,381,2552],"class_list":["post-13111","post","type-post","status-publish","format-standard","hentry","category-australia-nz-countries-regions","category-the-fed-banks-interest-rates","tag-apra","tag-banks","tag-offshore-funding"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>APRA waves wet lettuce at bank offshore funding | MacroBusiness - the patient investor<\/title>\n<meta name=\"robots\" content=\"noindex, follow\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"APRA waves wet lettuce at bank offshore funding | MacroBusiness - the patient investor\" \/>\n<meta property=\"og:description\" content=\"From Leith van Onselen at Macrobusiness: &#8230;..the banks\u2019 reliance on offshore funding hit an unprecedented 54% of GDP in the December quarter: As always, the key risk is that the banks\u2019 ability to continue borrowing from offshore rests with foreigners\u2019 willingness to continue extending them credit. This willingness will be tested in the event that &hellip; Continue reading &quot;APRA waves wet lettuce at bank offshore funding | MacroBusiness&quot;\" \/>\n<meta property=\"og:url\" content=\"https:\/\/thepatientinvestor.com\/index.php\/2016\/04\/08\/apra-waves-wet-lettuce-at-bank-offshore-funding-macrobusiness\/\" \/>\n<meta property=\"og:site_name\" content=\"the patient investor\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/profile.php?id=61572934660810\" \/>\n<meta property=\"article:published_time\" content=\"2016-04-08T04:14:51+00:00\" \/>\n<meta property=\"og:image\" content=\"http:\/\/thepatientinvestor.com\/wp-content\/uploads\/2016\/04\/screenhunter_12341-mar-29-15-40-660x402.jpg\" \/>\n<meta name=\"author\" content=\"ColinTwiggs\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"ColinTwiggs\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/thepatientinvestor.com\\\/index.php\\\/2016\\\/04\\\/08\\\/apra-waves-wet-lettuce-at-bank-offshore-funding-macrobusiness\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/thepatientinvestor.com\\\/index.php\\\/2016\\\/04\\\/08\\\/apra-waves-wet-lettuce-at-bank-offshore-funding-macrobusiness\\\/\"},\"author\":{\"name\":\"ColinTwiggs\",\"@id\":\"https:\\\/\\\/thepatientinvestor.com\\\/#\\\/schema\\\/person\\\/cb072791ac83e8bae585007c133d54a5\"},\"headline\":\"APRA waves wet lettuce at bank offshore funding | MacroBusiness\",\"datePublished\":\"2016-04-08T04:14:51+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/thepatientinvestor.com\\\/index.php\\\/2016\\\/04\\\/08\\\/apra-waves-wet-lettuce-at-bank-offshore-funding-macrobusiness\\\/\"},\"wordCount\":215,\"commentCount\":1,\"publisher\":{\"@id\":\"https:\\\/\\\/thepatientinvestor.com\\\/#organization\"},\"image\":{\"@id\":\"https:\\\/\\\/thepatientinvestor.com\\\/index.php\\\/2016\\\/04\\\/08\\\/apra-waves-wet-lettuce-at-bank-offshore-funding-macrobusiness\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/thepatientinvestor.com\\\/wp-content\\\/uploads\\\/2016\\\/04\\\/screenhunter_12341-mar-29-15-40-660x402.jpg\",\"keywords\":[\"APRA\",\"banks\",\"offshore funding\"],\"articleSection\":[\"Australia &amp; NZ\",\"Banks &amp; Interest Rates\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\\\/\\\/thepatientinvestor.com\\\/index.php\\\/2016\\\/04\\\/08\\\/apra-waves-wet-lettuce-at-bank-offshore-funding-macrobusiness\\\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/thepatientinvestor.com\\\/index.php\\\/2016\\\/04\\\/08\\\/apra-waves-wet-lettuce-at-bank-offshore-funding-macrobusiness\\\/\",\"url\":\"https:\\\/\\\/thepatientinvestor.com\\\/index.php\\\/2016\\\/04\\\/08\\\/apra-waves-wet-lettuce-at-bank-offshore-funding-macrobusiness\\\/\",\"name\":\"APRA waves wet lettuce at bank offshore funding | MacroBusiness - the patient investor\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/thepatientinvestor.com\\\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\\\/\\\/thepatientinvestor.com\\\/index.php\\\/2016\\\/04\\\/08\\\/apra-waves-wet-lettuce-at-bank-offshore-funding-macrobusiness\\\/#primaryimage\"},\"image\":{\"@id\":\"https:\\\/\\\/thepatientinvestor.com\\\/index.php\\\/2016\\\/04\\\/08\\\/apra-waves-wet-lettuce-at-bank-offshore-funding-macrobusiness\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/thepatientinvestor.com\\\/wp-content\\\/uploads\\\/2016\\\/04\\\/screenhunter_12341-mar-29-15-40-660x402.jpg\",\"datePublished\":\"2016-04-08T04:14:51+00:00\",\"breadcrumb\":{\"@id\":\"https:\\\/\\\/thepatientinvestor.com\\\/index.php\\\/2016\\\/04\\\/08\\\/apra-waves-wet-lettuce-at-bank-offshore-funding-macrobusiness\\\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/thepatientinvestor.com\\\/index.php\\\/2016\\\/04\\\/08\\\/apra-waves-wet-lettuce-at-bank-offshore-funding-macrobusiness\\\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/thepatientinvestor.com\\\/index.php\\\/2016\\\/04\\\/08\\\/apra-waves-wet-lettuce-at-bank-offshore-funding-macrobusiness\\\/#primaryimage\",\"url\":\"https:\\\/\\\/thepatientinvestor.com\\\/wp-content\\\/uploads\\\/2016\\\/04\\\/screenhunter_12341-mar-29-15-40-660x402.jpg\",\"contentUrl\":\"https:\\\/\\\/thepatientinvestor.com\\\/wp-content\\\/uploads\\\/2016\\\/04\\\/screenhunter_12341-mar-29-15-40-660x402.jpg\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/thepatientinvestor.com\\\/index.php\\\/2016\\\/04\\\/08\\\/apra-waves-wet-lettuce-at-bank-offshore-funding-macrobusiness\\\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\\\/\\\/thepatientinvestor.com\\\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"APRA waves wet lettuce at bank offshore funding | MacroBusiness\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\\\/\\\/thepatientinvestor.com\\\/#website\",\"url\":\"https:\\\/\\\/thepatientinvestor.com\\\/\",\"name\":\"The Patient Investor\",\"description\":\"Smart. Strategic. Unfiltered. \",\"publisher\":{\"@id\":\"https:\\\/\\\/thepatientinvestor.com\\\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\\\/\\\/thepatientinvestor.com\\\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\\\/\\\/thepatientinvestor.com\\\/#organization\",\"name\":\"The Patient Investor Pty Ltd\",\"url\":\"https:\\\/\\\/thepatientinvestor.com\\\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/thepatientinvestor.com\\\/#\\\/schema\\\/logo\\\/image\\\/\",\"url\":\"https:\\\/\\\/i0.wp.com\\\/thepatientinvestor.com\\\/wp-content\\\/uploads\\\/2026\\\/03\\\/cropped-cropped-patience-bg-1-inverted-400x400-1.png?fit=250%2C250&ssl=1\",\"contentUrl\":\"https:\\\/\\\/i0.wp.com\\\/thepatientinvestor.com\\\/wp-content\\\/uploads\\\/2026\\\/03\\\/cropped-cropped-patience-bg-1-inverted-400x400-1.png?fit=250%2C250&ssl=1\",\"width\":250,\"height\":250,\"caption\":\"The Patient Investor Pty Ltd\"},\"image\":{\"@id\":\"https:\\\/\\\/thepatientinvestor.com\\\/#\\\/schema\\\/logo\\\/image\\\/\"},\"sameAs\":[\"https:\\\/\\\/www.facebook.com\\\/profile.php?id=61572934660810\",\"https:\\\/\\\/www.instagram.com\\\/colin_thepatientinvestor\"]},{\"@type\":\"Person\",\"@id\":\"https:\\\/\\\/thepatientinvestor.com\\\/#\\\/schema\\\/person\\\/cb072791ac83e8bae585007c133d54a5\",\"name\":\"ColinTwiggs\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/876c4d990bb2af282291d5f3ff81533c6deccc0c607846086647ca3272fac0ca?s=96&d=mm&r=g\",\"url\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/876c4d990bb2af282291d5f3ff81533c6deccc0c607846086647ca3272fac0ca?s=96&d=mm&r=g\",\"contentUrl\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/876c4d990bb2af282291d5f3ff81533c6deccc0c607846086647ca3272fac0ca?s=96&d=mm&r=g\",\"caption\":\"ColinTwiggs\"},\"url\":\"https:\\\/\\\/thepatientinvestor.com\\\/index.php\\\/author\\\/colin58s\\\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"APRA waves wet lettuce at bank offshore funding | MacroBusiness - the patient investor","robots":{"index":"noindex","follow":"follow"},"og_locale":"en_US","og_type":"article","og_title":"APRA waves wet lettuce at bank offshore funding | MacroBusiness - the patient investor","og_description":"From Leith van Onselen at Macrobusiness: &#8230;..the banks\u2019 reliance on offshore funding hit an unprecedented 54% of GDP in the December quarter: As always, the key risk is that the banks\u2019 ability to continue borrowing from offshore rests with foreigners\u2019 willingness to continue extending them credit. This willingness will be tested in the event that &hellip; Continue reading \"APRA waves wet lettuce at bank offshore funding | MacroBusiness\"","og_url":"https:\/\/thepatientinvestor.com\/index.php\/2016\/04\/08\/apra-waves-wet-lettuce-at-bank-offshore-funding-macrobusiness\/","og_site_name":"the patient investor","article_publisher":"https:\/\/www.facebook.com\/profile.php?id=61572934660810","article_published_time":"2016-04-08T04:14:51+00:00","og_image":[{"url":"http:\/\/thepatientinvestor.com\/wp-content\/uploads\/2016\/04\/screenhunter_12341-mar-29-15-40-660x402.jpg","type":"","width":"","height":""}],"author":"ColinTwiggs","twitter_card":"summary_large_image","twitter_misc":{"Written by":"ColinTwiggs","Est. reading time":"1 minute"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/thepatientinvestor.com\/index.php\/2016\/04\/08\/apra-waves-wet-lettuce-at-bank-offshore-funding-macrobusiness\/#article","isPartOf":{"@id":"https:\/\/thepatientinvestor.com\/index.php\/2016\/04\/08\/apra-waves-wet-lettuce-at-bank-offshore-funding-macrobusiness\/"},"author":{"name":"ColinTwiggs","@id":"https:\/\/thepatientinvestor.com\/#\/schema\/person\/cb072791ac83e8bae585007c133d54a5"},"headline":"APRA waves wet lettuce at bank offshore funding | MacroBusiness","datePublished":"2016-04-08T04:14:51+00:00","mainEntityOfPage":{"@id":"https:\/\/thepatientinvestor.com\/index.php\/2016\/04\/08\/apra-waves-wet-lettuce-at-bank-offshore-funding-macrobusiness\/"},"wordCount":215,"commentCount":1,"publisher":{"@id":"https:\/\/thepatientinvestor.com\/#organization"},"image":{"@id":"https:\/\/thepatientinvestor.com\/index.php\/2016\/04\/08\/apra-waves-wet-lettuce-at-bank-offshore-funding-macrobusiness\/#primaryimage"},"thumbnailUrl":"https:\/\/thepatientinvestor.com\/wp-content\/uploads\/2016\/04\/screenhunter_12341-mar-29-15-40-660x402.jpg","keywords":["APRA","banks","offshore funding"],"articleSection":["Australia &amp; NZ","Banks &amp; Interest Rates"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/thepatientinvestor.com\/index.php\/2016\/04\/08\/apra-waves-wet-lettuce-at-bank-offshore-funding-macrobusiness\/#respond"]}]},{"@type":"WebPage","@id":"https:\/\/thepatientinvestor.com\/index.php\/2016\/04\/08\/apra-waves-wet-lettuce-at-bank-offshore-funding-macrobusiness\/","url":"https:\/\/thepatientinvestor.com\/index.php\/2016\/04\/08\/apra-waves-wet-lettuce-at-bank-offshore-funding-macrobusiness\/","name":"APRA waves wet lettuce at bank offshore funding | MacroBusiness - the patient investor","isPartOf":{"@id":"https:\/\/thepatientinvestor.com\/#website"},"primaryImageOfPage":{"@id":"https:\/\/thepatientinvestor.com\/index.php\/2016\/04\/08\/apra-waves-wet-lettuce-at-bank-offshore-funding-macrobusiness\/#primaryimage"},"image":{"@id":"https:\/\/thepatientinvestor.com\/index.php\/2016\/04\/08\/apra-waves-wet-lettuce-at-bank-offshore-funding-macrobusiness\/#primaryimage"},"thumbnailUrl":"https:\/\/thepatientinvestor.com\/wp-content\/uploads\/2016\/04\/screenhunter_12341-mar-29-15-40-660x402.jpg","datePublished":"2016-04-08T04:14:51+00:00","breadcrumb":{"@id":"https:\/\/thepatientinvestor.com\/index.php\/2016\/04\/08\/apra-waves-wet-lettuce-at-bank-offshore-funding-macrobusiness\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/thepatientinvestor.com\/index.php\/2016\/04\/08\/apra-waves-wet-lettuce-at-bank-offshore-funding-macrobusiness\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/thepatientinvestor.com\/index.php\/2016\/04\/08\/apra-waves-wet-lettuce-at-bank-offshore-funding-macrobusiness\/#primaryimage","url":"https:\/\/thepatientinvestor.com\/wp-content\/uploads\/2016\/04\/screenhunter_12341-mar-29-15-40-660x402.jpg","contentUrl":"https:\/\/thepatientinvestor.com\/wp-content\/uploads\/2016\/04\/screenhunter_12341-mar-29-15-40-660x402.jpg"},{"@type":"BreadcrumbList","@id":"https:\/\/thepatientinvestor.com\/index.php\/2016\/04\/08\/apra-waves-wet-lettuce-at-bank-offshore-funding-macrobusiness\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/thepatientinvestor.com\/"},{"@type":"ListItem","position":2,"name":"APRA waves wet lettuce at bank offshore funding | MacroBusiness"}]},{"@type":"WebSite","@id":"https:\/\/thepatientinvestor.com\/#website","url":"https:\/\/thepatientinvestor.com\/","name":"The Patient Investor","description":"Smart. Strategic. Unfiltered. ","publisher":{"@id":"https:\/\/thepatientinvestor.com\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/thepatientinvestor.com\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/thepatientinvestor.com\/#organization","name":"The Patient Investor Pty Ltd","url":"https:\/\/thepatientinvestor.com\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/thepatientinvestor.com\/#\/schema\/logo\/image\/","url":"https:\/\/i0.wp.com\/thepatientinvestor.com\/wp-content\/uploads\/2026\/03\/cropped-cropped-patience-bg-1-inverted-400x400-1.png?fit=250%2C250&ssl=1","contentUrl":"https:\/\/i0.wp.com\/thepatientinvestor.com\/wp-content\/uploads\/2026\/03\/cropped-cropped-patience-bg-1-inverted-400x400-1.png?fit=250%2C250&ssl=1","width":250,"height":250,"caption":"The Patient Investor Pty Ltd"},"image":{"@id":"https:\/\/thepatientinvestor.com\/#\/schema\/logo\/image\/"},"sameAs":["https:\/\/www.facebook.com\/profile.php?id=61572934660810","https:\/\/www.instagram.com\/colin_thepatientinvestor"]},{"@type":"Person","@id":"https:\/\/thepatientinvestor.com\/#\/schema\/person\/cb072791ac83e8bae585007c133d54a5","name":"ColinTwiggs","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/secure.gravatar.com\/avatar\/876c4d990bb2af282291d5f3ff81533c6deccc0c607846086647ca3272fac0ca?s=96&d=mm&r=g","url":"https:\/\/secure.gravatar.com\/avatar\/876c4d990bb2af282291d5f3ff81533c6deccc0c607846086647ca3272fac0ca?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/876c4d990bb2af282291d5f3ff81533c6deccc0c607846086647ca3272fac0ca?s=96&d=mm&r=g","caption":"ColinTwiggs"},"url":"https:\/\/thepatientinvestor.com\/index.php\/author\/colin58s\/"}]}},"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p9tQ4n-3pt","jetpack_likes_enabled":false,"jetpack-related-posts":[{"id":823,"url":"https:\/\/thepatientinvestor.com\/index.php\/2011\/09\/19\/rbnz-throws-cold-water-on-rba-macrobusiness-com-au\/","url_meta":{"origin":13111,"position":0},"title":"RBNZ throws cold water on RBA &#8211; macrobusiness.com.au","author":"ColinTwiggs","date":"September 19, 2011","format":false,"excerpt":"What should be clear...... is that the growth in Australian housing values has been funded, to a large extent, by foreign borrowings, much of it short-term. A key risk going forward is that the banks\u2019 ability to refinance their borrowings rests with the willingness of foreign investors to continue to\u2026","rel":"","context":"In &quot;Australia &amp; NZ&quot;","block_context":{"text":"Australia &amp; NZ","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/countries-regions\/australia-nz-countries-regions\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":13546,"url":"https:\/\/thepatientinvestor.com\/index.php\/2016\/07\/07\/major-banks-credit-rating-outlook-cut-to-negative\/","url_meta":{"origin":13111,"position":1},"title":"Major banks&#8217; credit rating outlook cut to &#8216;negative&#8217;","author":"ColinTwiggs","date":"July 7, 2016","format":false,"excerpt":"From Clancy Yeates: Australia's banks face the threat of higher funding costs, after Standard & Poor's downgraded the big four's credit rating outlook to \"negative\", a direct result of its action on the government's top-notch rating. ....the banks' credit ratings are automatically raised by two notches because S&P assumes they\u2026","rel":"","context":"In &quot;Australia &amp; NZ&quot;","block_context":{"text":"Australia &amp; NZ","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/countries-regions\/australia-nz-countries-regions\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":11804,"url":"https:\/\/thepatientinvestor.com\/index.php\/2015\/05\/12\/federal-budget-2015-worst-cumulative-deficits-in-60-years-chris-joye\/","url_meta":{"origin":13111,"position":2},"title":"Federal budget 2015: worst cumulative deficits in 60 years | Chris Joye","author":"ColinTwiggs","date":"May 12, 2015","format":false,"excerpt":"Chris Joye (AFR) on the budget deficit: There are two critical differences in 2015 that make Australia's current debt burden [42.2% of GDP] much more troubling than that serviced by previous generations. Back in the 1977 and 1983 recessions, the household debt-to-income ratio was only 34 per cent and 37\u2026","rel":"","context":"In &quot;Australia &amp; NZ&quot;","block_context":{"text":"Australia &amp; NZ","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/countries-regions\/australia-nz-countries-regions\/"},"img":{"alt_text":"International Liabilities of Australian Banks","src":"https:\/\/i0.wp.com\/www.macrobusiness.com.au\/wp-content\/uploads\/2014\/06\/erteq-300x209.png?resize=350%2C200","width":350,"height":200},"classes":[]},{"id":6244,"url":"https:\/\/thepatientinvestor.com\/index.php\/2012\/11\/21\/sp-declares-australia-a-one-trick-pony-macrobusiness-com-au\/","url_meta":{"origin":13111,"position":3},"title":"S&#038;P declares Australia a \u201cone trick pony\u201d &#124; macrobusiness.com.au","author":"Colin Twiggs","date":"November 21, 2012","format":false,"excerpt":"By Houses and Holes on November 22, 2012 London-based Kyran Curry, the long-time primary credit analyst for Australia at S&P, is back and the news is getting worse. From the AFR: \u201cThe banks are highly indebted, they\u2019re highly leveraged, they are the main vehicle Australia uses to fund its current\u2026","rel":"","context":"In &quot;Australia &amp; NZ&quot;","block_context":{"text":"Australia &amp; NZ","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/countries-regions\/australia-nz-countries-regions\/"},"img":{"alt_text":"One-Trick Pony","src":"https:\/\/i0.wp.com\/www.macrobusiness.com.au\/wp-content\/uploads\/2012\/11\/one-trick-pony-300x204.jpg?resize=350%2C200","width":350,"height":200},"classes":[]},{"id":4853,"url":"https:\/\/thepatientinvestor.com\/index.php\/2012\/07\/14\/australia-and-the-endgame\/","url_meta":{"origin":13111,"position":4},"title":"Australia and the Endgame","author":"Colin Twiggs","date":"July 14, 2012","format":false,"excerpt":"John Mauldin: We wrote about Australia in a full chapter of Endgame. Their economy never really suffered in the recent debt crisis, in large part due to their growing housing market and their trade with China. If you talk to the average Aussie, they think that all is right with\u2026","rel":"","context":"In &quot;Australia &amp; NZ&quot;","block_context":{"text":"Australia &amp; NZ","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/countries-regions\/australia-nz-countries-regions\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":16660,"url":"https:\/\/thepatientinvestor.com\/index.php\/2018\/07\/14\/asx-200-hesitates\/","url_meta":{"origin":13111,"position":5},"title":"ASX 200 hesitates","author":"Colin Twiggs","date":"July 14, 2018","format":false,"excerpt":"The ASX 300 Banks index broke resistance at 8000 and is retracing to test the new support level. The index remains in a primary down-trend and only a higher low on the next correction, followed by a new high, would reverse that. A weaker Australian Dollar has made the banks,\u2026","rel":"","context":"In &quot;Australia &amp; NZ&quot;","block_context":{"text":"Australia &amp; NZ","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/countries-regions\/australia-nz-countries-regions\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]}],"_links":{"self":[{"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/posts\/13111","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/comments?post=13111"}],"version-history":[{"count":0,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/posts\/13111\/revisions"}],"wp:attachment":[{"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/media?parent=13111"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/categories?post=13111"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/tags?post=13111"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}