vibrant economy a diversified economy and serve a predatory mono culture are banks that are gaming the system and causing at the instability to increase and the crash is to increase let’s talk about the ass giant Banking system for a second the looks like the ass giant housing market is now in the crash in the real estate sector as you’ve been predicting after a gearshifts undoubtedly will affect the Australian banks what what name to stock names which banks in Australia.
are gonna suffer most in this now the satellite four major banks and saw the country to call backwardness and n/an/a kin said also for I really don’t study the banks than that intricate date coming to look at the macro level but I’d say ones that I’ve got is probably most wonky wanted expanded mustering the buckle it looks like and said it would be irresponsible lending in a bit was a bit slow off the blocks are quite so badly Karachi be looking at AN and Westpac.
is potentially the ones that got the damaged portfolios tables at the back in Queensland which appears that one of the model and a storybook itself extended into a whole Lotta lending to very speculative capital spending bill appears so but in general that this the overall situation was what I really don’t know something about is the that if you look at the level it exposure to mortgage deb tat the banking sector in Australia how much their asses a made up by mortgages I saw the forms appliance is actually a higher ratio then applied at take up the American Bible. www.perthpropertyvaluations.net.au
so the Australian banks are more exposed to a downturn in the real estate market the name American banks for me know what happened to them so I expect the same innit that now the housing market is falling that’s nice both always going to start looking very very shaky as opposed to falling house props as you also have rising unemployment but the bus written by the same