This morning, CoreLogic released its monthly report on Australian house prices – the world’s longest running bull market. Finally, measures to tighten credit standards and dissuade overseas buyers (especially Chinese in Sydney and Melbourne) are beginning to bite and price rises ground to a halt last month. From the report...
A major international police operation to bust child predators involved police sharing child pornography with over a million unsuspecting online subscribers for a year after investigators took control of the dark web's largest child abuse forum. Though hundreds of pedophiles were arrested after the site was shut down, the police sting involved undercover officers sharing extremely disturbing content and encouraging followers to engage in sexual acts with children. But police say it was worth it.
Authored by Mike Shedlock via MishTalk.com
A new study shows 57% of Australia mortgage holders could not handle a $100 increase in their loan repayment.
Stress has turned up in even the wealthiest cities.
But who is truly wealthy? Paper profits on homes with enormous mortgages does not constitute wealth.
Please consider $100 Tipping Point for 57% of Mortgage Holders.
After years of lies and deflections, Australia’s former prime minister Tony Abbott has admitted on a local television program that he missed a crucial 2009 vote on a $42 billion stimulus package intended to shore up the country’s banking system during the financial crisis because he was passed out drunk.
Australian Government Is Cracking Down On The Nonexistent Bitcoin Money-Laundering Epidemic
Australia’s largest banks can’t seem to go six months without a new scandal. In April, regulators accused Commonwealth Bank, one of the country’s largest financial institutions, of “systemic” money laundering violations, sparking an investigation into the broader banking sector, and the promise of heavy-handing civil penalties.