| 17.05.2011 - Australia: Real estate slump will leave banks in pain, too |
| More an orderly retreat than a rout. Australian real estate, long the subject of global concern, bears all the symptoms of a market that simply has run out of puff. Ever since America's housing bubble burst in 2007, setting off a chain reaction in Britain and across Europe - which then infected the global financial system - international pundits have been warning of a similar catastrophe here..............................................Full Article: Source |