Typical market reaction to hold on in expectation of higher prices but start selling in droves when the herd thinks prices are going down.
CBA the biggest lender has started their tightening measures on 27/6 so the effects should play out in the next few months. No easy credit anymore, market sure go down.
ASX is also down some more. When the margin calls start coming in, people will have to start selling their property and expensive cars.
Tide is going out, those lending at 97/95% LTV with multiple properties should be found swimming naked pretty soon...
CBA the biggest lender has started their tightening measures on 27/6 so the effects should play out in the next few months. No easy credit anymore, market sure go down.
ASX is also down some more. When the margin calls start coming in, people will have to start selling their property and expensive cars.
Tide is going out, those lending at 97/95% LTV with multiple properties should be found swimming naked pretty soon...
Virtual currencies are worth virtually nothing.
http://thebluefund.blogspot.com
http://thebluefund.blogspot.com