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As we approach the November elections, I – like many conservatives – am in a state of impending angst. I am convinced during these perilous times that without the Bible, WorldNetDaily and the Michael Savage radio show to comfort me, I would be certifiable for the asylum by now.Write Comment (0 Comments) |
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First time home buyers are suddenly given two choices to move to buy or build their first homes.
First home buyers will be eligible for grants of up to $21,000 designed to stimulate housing activity.
The scheme will be time limited.
All contracts entered into by June 30 next year will be eligible for the new assistance.
The payment under the first home buyers scheme will be doubled from $7000 to $14,000 and first home buyers who buy newly-constructed home will receive an extra $14,000 taking their total grant to $21,000.
The Government will invest about $1.5 billion in the housing market over 2008/09 and 2009/10 through this initiative.Write Comment (0 Comments) |
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Energy consumers in ten northeastern States are going to see their bills rise and probably not even know why. They will assume that it is tied to the cost of oil, natural gas, or coal, but it does so only obliquely.Write Comment (0 Comments) |
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Mr Mortgage believes that the deep interest rate cuts will generate buying activity in Queensland's stalled housing market.
New home and established homes have slumped recently across Queensland, with the exception of mining areas, but rate cuts will give new confidence to home buyers, and help those wnating to sell their homes and build again to do so.
If you are looking for a bargain and want to buy a home in Queensland, then now would be a great time to buy.Write Comment (0 Comments) |
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The Obama defenders are whining that William Ayers radical bombings in the 60's are dismissible "old news"? They declare Obama's associations to be "irrelevant"! (Somehow I'm prompted to wonder what they'd say if McCain was a friend of a former 1940's Nazi Prison Camp Guard!)Write Comment (0 Comments) |
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Australia's Federal Labor Government plan to enter the home loan business will boost confidence in the non-bank mortgage sector and increase competition.
Treasurer Wayne Swan said he will initialling invest $4 billion to revive the non-bank mortgage market and get the banks honest to pass on future rate cuts in full.
Mr Mortgage hopes that we will see the day when Australia has the equivalent of a US Fannie Mae, though hopeful a better run business model, as in the US the majority of home loan mortgage lending is issued by non bank lenders. When Paul Keating introduced non bank mortgage lending to Australia in the 1990"s he missed the vital step of the Government allowing the raising of funds under the AAA rating of the Australian Governemnt, thus reducing funding costs and interest rates, and allowing real competition with the major lenders.
The purpose is to give borrowers...Write Comment (0 Comments) |
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In a see sawing day on Wall street, US stocks finished lower for for the 5th straight day as the meltdown continues.
Mr Mortgage says that are are hopes that Australia's market will be higher on Monday on Futures trades, but that does not take into consideration people ready to jump out of the market on any rise. The real worry is tighter credit and liquidity of funds in banks, as this will affect both businesses needing finance for cash-flow, and consumers wanting to buy their products using finance.
Lower the cash rate may increase demand for finance, but if the consumer can't get mortgage home loan finance of car finance to buy a new car, where will the economy finish? That's the question that no-one can answer.
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The S&P 500 fell below the 900 mark, as fears that tighter credit may send the global economy into recession slashed the appetite for risk.
The ...Write Comment (0 Comments) |
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John McCain has been adjudged by American voters to be, too slow, too inflexible and too tied to his old self to be able to lead the US to change. Its game over for him and Sarah Palin, so what do they do? Demonstrate that their policy direction is better for Americans? Nope. Tried that and Obama and Biden nailed em on that.
Show how you're a Maverick? Nope. we tried George Bush, Dick Cheney, and all the other Mavericks and it got us and the USÂ nowhere.
Bring out the war hero card and tell em how you know how to win a war? Nope. We let you go for 5 years and you don't know how to win a war, or we would not still in one. In any case, didn't we loose the Vietnam war?
So what's left? The hate card, the fear card and the race card and the smear card. John McCain has demonstarted his policies are as bankrupt as the banks that have gone under whilst his pals were in char...Write Comment (0 Comments) |
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I was thinking the other day as I read, listened to, and watched all the dismal poll data showing the republican candidate for president down and falling in the polls… where have I seen this beforeWrite Comment (0 Comments) |
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Is the US planning to Nationalise its Banks? Its looking a lot like socialism [some say communism] to many on the republican side of US politics, but deregulation and lax practices and auditing have left many US and European banks without liquidity, and that's the big problem that isn't going away according to Mr Mortgage.
US Treasury Secretary Henry Paulson is weighing plans for the US government to invest in banks as the next step in trying to resolve the deepening credit crisis.
These capital injections are something that Secretary Paulson is actively considering,
White House Press Secretary Dana Perino said in a briefing in Washington. She also said President George W. Bush will meet with Group of Seven finance ministers at the White House on October 11.
Paulson told reporters in Washington on Wednesday that legislation Congress passed last week to rescue financial institutio...Write Comment (0 Comments) |
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Last week, on Oct. 2, Supreme Court Justice Antonin Scalia became the inaugural speaker of the Herbert W. Vaughan Lecture Series at Harvard Law School. His subject, "Methodology of Originalism," was given before a crowd of over 650 students, faculty and the general public.Write Comment (0 Comments) |
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Now, understand this: for those of us who pay attention to history and to world events… we have come to KNOW, deep down, where we live, that socialism equals slavery. You can parse it anyway you like… but in the end… we believe socialism and slavery are the same thing… at least the results of both are the same.Write Comment (0 Comments) |
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Well, folks, the zig-zagging of the southern cone of South America has officially begun! Saying that we have covered some serious ground since leaving Bahia Blanca, Argentina would be an understatement. Over the dizzying 1,300+ miles that we have driven in 10 days, we have toured the East coast of Argentina all the way to the West coast of Chile. The two coasts of the continent, as well as areas pocketing the international border are where most of our designated targets have been so far. The first stop of this most recent segment was UNESCO World Heritage Site, PenĂnsula ValdĂ©s. It has been listed as such mainly due to the various marine mammals that are naturally drawn to it's coastline and coastal waters. The main draw year-round are the Southern Right Whales out in the protected waters of Golfo Nuevo and Golfo San JosĂ©, while at various points of the year you can find se...Write Comment (0 Comments) |
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Queensland banking, insurance and investment financial services group Suncorp is losing value quicker than the Zimbabwe currency, so Mr Mortgage said that it must be relieved that another bank actually wants to buy it.
Suncorp said today it has had several approaches by parties interested in buying its banking and funds management operations.
Speculation has been rife in financial markets that Suncorp would become a takeover target because of a need to recapitalise its balance sheet in the face of a global financial crisis.
Commonwealth Bank of Australia has been rumoured as one bank interested in the banking division.
Last week, Suncorp chief executive John Mulcahy said he thought the bank's change in business model would help reduce the complexity structure and bring down costs of the bank.
Mr Mulcahy said that the bank was well-positioned but would require extensive c...Write Comment (0 Comments) |
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