Banks BTFO

Ausfags, is this a good time to pick up some CBA stocks?
Tbh I kinda hope they get raped lmao

Attached: images.png (422x348, 16K)

Other urls found in this thread:

guaranteescheme.gov.au/
vanguardinvestments.com.au/adviser/adv/investments/product.html#/fundDetail/wholesale/portId=8155/assetCode=balanced/?overview
medium.com/@matt_11659/matt-barrie-australias-economy-is-a-house-of-cards-6877adb3fb2f
twitter.com/AnonBabble

No but it's great time to buy AMP or blue sky.

AMP definitely. They got rid of their board.

60% of aus bank loans are residential mortages, well over anywhere in the world, and over 40% of those are fixed rate

prepare to get 2008'ed

could this be one of the first signs of the coming recession?

I really hope more people fix their interest rates. i'm locked in for 5 years at 4% thankyou very much. Good luck people about to get just'd

got that wrong soz, here it is

>Today 42% of all mortgages in Australia are interest only, because since the average person can’t afford to actually pay for the average house- they only pay off the interest. They’re hoping that value of their house will continue to rise and the only way they can profit is if they find some other mug to buy it at a higher price. In the case of Westpac, 50% of their entire residential mortgage book is interest only loans.

Look into the lending standards of Australian banks and you'll understand why this absolutely is not the case. Also why do you think the high % of fixed rate loans is a cause for concern?

I work in securitisation/structured finance so I'm genuinely interested to hear your thoughts.

hah, the interest-only loans. This is such a scam. But it's nothing new: banks doing what they can to take money from stupid people.

*interest only loans
i made a mistake.