Don’t bet the Oz property price bubble bursting
03 September 2010
smh.co.au Don’t bet the house on a property price bubble bursting IAN VERRENDER September 4, 2010 In early 2006 a handful of obscure American investors became convinced that the US housing market was set for a catastrophic fall. So certain was one, Mike Burry, a former medical student, that a year earlier he single-handedly talked [...]
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Sydney Home Building Rates- Poor planning to blame for building slump
03 September 2010
smh.com.au Matthew Moore URBAN AFFAIRS EDITOR September 3, 2010 A PLANNING process ”full of vague and ill-defined statements” and a ”lack of commitment” to development by government agencies are the main reasons behind a 10-year slump in Sydney home building rates, a new report says. The study, commissioned by the NSW Treasury, repeatedly criticises the [...]
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UK housing data underpins recession fears
02 September 2010
Telegraph.co.uk By Philip Aldrick Published: 12:28PM BST 02 Sep 2010 Separate figures on house prices from Nationwide and the construction industry have raised fresh fears that a weakening housing market could halt the recovery. Construction has picked up strongly this year, accounting for the largest proportion of economic growth. However, the Markit/CIPS construction PMI survey [...]
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U.S Economy Avoids Recession Relapse as Data Can’t Get Much Worse
02 September 2010
Bloomberg By Rich Miller and Simon Kennedy – Sep 2, 2010 7:21 AM GMT+0800 The U.S. economy is so bad that the chance of avoiding a double dip back into recession may actually be pretty good. The sectors of the economy that traditionally drive it into recession are already so depressed it’s difficult to see [...]
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Australia Growth Quickens to Fastest Pace in Three Years
02 September 2010
Bloomberg By Jacob Greber – Sep 1, 2010 10:01 PM GMT+0800 Signs Australia’s economic expansion is spreading from the mining industry to households boosted the case for the nation’s central bank to resume the Group of 20’s most aggressive round of interest-rate increases. The biggest quarterly surge in consumer spending in three years fueled a [...]
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Private sector economists bullish about S’pore economy – A niche economy
02 September 2010
Channel News Asia By Mok Fei Fei | Posted: 01 September 2010 1228 hrs SINGAPORE: Private sector economists have become more bullish about Singapore’s economy, sharply raising their full year growth forecasts. The Monetary Authority of Singapore (MAS) said Wednesday that its latest survey of private sector economists showed growth is likely to come in [...]
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