“Central banks from Scandinavia to the U.K. to New Zealand are sounding the alarm about soaring mortgage debt and trying to curb risky lending. In Australia, where borrowing is surging, regulators are just watching. Australian household debt is at a 25-year high, according to statistics bureau figures, and a government inquiry this month found housing to be a significant source of risk to the financial system. The central bank has reduced its benchmark interest rate to a record-low 2.5 percent to aid a recovery in non-mining industries, including residential construction, as the nation’s resources boom slows.”
Related posts:
Wells Fargo Presents Virtual Currency: Viability, Compliance, & Direction
G-20 Pushes for Global Measures to End Tax Evasion
What telephone metadata can tell the authorities about you
Fund manager Ned Goodman ditches bank stocks for gold
Swiss to Ban Big Cash Purchases to Curb Money Laundering
Marriott fined $600K for jamming guests' Wi-Fi for cybersecurity
Ron Paul: Chemical Weapons 'a False Flag'
Oliver Stone on NSA Spying
Air Force One needs 2 new refrigerators. Together, they cost $24 million.
US tech firms say they are losing business over NSA surveillance
India Bans Bitcoin But Embraces Blockchain
Charge three officers in squad car asphyxiation death of suspect, jury recommends
Bovard: Facebook censored me for criticizing the government
Mexico's Vicente Fox pushes marijuana debate to forefront
Drug Agents Use Vast Phone Trove, Eclipsing N.S.A.’s