PM – Perils of ignoring Europe’s lessons 24\/11\/2011<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"DAVID MURRAY: The lending system for housing has resulted in a house price which is higher than it should be and part of the net foreign liabilities that are higher than they should be. I believe that will be worked through by a stabilisation of house prices and steady increase in incomes and hopefully that’s … <\/p>\n
Continue reading “Perils of ignoring Europe’s lessons – P.M.”<\/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],"tags":[290,390,956,1724,2437],"class_list":["post-2403","post","type-post","status-publish","format-standard","hentry","category-australia-nz-countries-regions","tag-australia","tag-basel-capital-adequacy-framework","tag-debt","tag-house-prices","tag-net-foreign-debt"],"yoast_head":"\nPerils of ignoring Europe's lessons - P.M. - 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=\"Perils of ignoring Europe's lessons - P.M. - the patient investor\" \/>\n<meta property=\"og:description\" content=\"DAVID MURRAY: The lending system for housing has resulted in a house price which is higher than it should be and part of the net foreign liabilities that are higher than they should be. 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The decline is particularly steep in the Manufacturing sector\u2026","rel":"","context":"In "Australia & NZ"","block_context":{"text":"Australia & NZ","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/countries-regions\/australia-nz-countries-regions\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":6982,"url":"https:\/\/thepatientinvestor.com\/index.php\/2013\/03\/15\/what-australia-needs-is-lower-land-prices\/","url_meta":{"origin":2403,"position":2},"title":"What Australia needs is lower land prices","author":"Colin Twiggs","date":"March 15, 2013","format":false,"excerpt":"Australia enjoyed a mining boom over the last ten years but now faces a fall-off in capital expenditure on new projects as commodity prices fall. The RBA, eyeing the coming slow-down with some trepidation, is hoping that housing construction recovers to fill the void. 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Low interest rates enabled households to borrow more relative to their income, with housing debt expanding 4.5 times, over\u2026","rel":"","context":"In "Australia & NZ"","block_context":{"text":"Australia & NZ","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/countries-regions\/australia-nz-countries-regions\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":17858,"url":"https:\/\/thepatientinvestor.com\/index.php\/2019\/02\/08\/asx-200-spikes-but-will-it-last\/","url_meta":{"origin":2403,"position":4},"title":"ASX 200 spikes but will it last?","author":"Colin Twiggs","date":"February 8, 2019","format":false,"excerpt":"The reason for the upward spike in the ASX 200 is clear. While shortage in iron ore supply may be temporary, while Brazil reviews mine safety, it is sufficient to cause spot prices to jump 20% in the last week. 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